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India’s Forex Reserves Fall to Lowest in More Than 20 Months

The reserves fell $7.5 billion to $572.7 billion as of July 15, data by the Reserve Bank of India released Friday showed. The reading is the lowest since November 6, 2020. In the first two weeks of July, the Indian central bank saw its reserves falling $15.5 billion, most of it defending the currency. 

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