India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.
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The rupee weakened this week, like other emerging markets currencies, closing at 83.5612 a dollar on Friday.
India's foreign exchange reserves rose to $653.7 billion during the week ended on June 21, with the rupee hitting a record low against the dollar.
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Prior to this, India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a life-time high of $655.8 billion.
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At the interbank foreign exchange market, the local unit opened at 83.43 and lost further to 83.48 against the greenback.
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The rupee hit a historic low of 83.67 against the dollar due to significant outflows, importer demand, and global factors. The Reserve Bank of India's...
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India's forex reserves fell by $2.9 billion to $652.9 billion for the week ended June 14, influenced by the depreciation of non-US currencies like the...
Nigeria’s foreign reserves increased by $1.4 billion in June, reaching $34.14 billion, according to data from the country’s Central Bank. With...