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Forex Reserves Dive By $7.5 Billion As RBI Uses War Chest To Help Rupee

RBI Governor said, "you buy an umbrella to use it when it rains!"
RBI Governor said, "you buy an umbrella to use it when it rains!"
India's forex reserves fell by $7.5 billion as the Reserve Bank of India is using its war chest to limit the sharp decline and 'jerky movements' in the rupee, as indicated by Governor Shaktikanta Das, who said, "you buy an umbrella to use it when it rains!"
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