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Forex Reserves Dive By $7.5 Billion As RBI Uses War Chest To Help Rupee
23 Jul 2022, 09:11 AM IST i

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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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