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01:09
India's forex reserves record sharpest fall of over 17 bln USD in 7 days
STORY: India's forex reserves record sharpest fall of over 17 bln USD in 7 days
SHOOTING TIME: Nov. 23, 2024
DATELINE: Nov. 24, 2024
LENGTH: 00:01:09
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of the India gate
2. various of the Reserve Bank of India
3. various of banks
4. various of markets
STORYLINE:
India's foreign exchange reserves fell by 17.761 billion U.S. dollars to 657.892 billion U.S. dollars during the week ended Nov. 15, according to the official data released by the country's central bank the Reserve Bank of India (RBI) on Friday.
This was the sharpest decline in the country's forex reserves ever since the RBI began releasing the weekly data in 1998, said an online report by The Indian Express newspaper.
The steep decline in the forex reserves was attributed to the release of U.S. dollars by the RBI in the market to prop up rupee, the Indian currency.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
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