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Forex Reserves Being Rebuilt, As Indian Rupee Holds Steady Against A Depreciating USD: ICICI Securities

We expect these trends to persist through Mar-23, as the seasonal improvement lowers quarterly CAD to below 1% of GDP in Q1 CY23.

<div class="paragraphs"><p>A woman counting US dollar bills. (Photo: Alexander Mils/ Unsplash)</p></div>
A woman counting US dollar bills. (Photo: Alexander Mils/ Unsplash)
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