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Steep fall in forex reserves

MUMBAI, JULY 31. Reversing the trend of net inflows seen over the past three weeks, India's foreign exchange reserves dropped by a steep $1.53 billion to $119.57 billion during the week ended July 23.

Foreign exchange reserves stood at $119.575 billion during the week under review against the previous week's $121.106 billion. Foreign currency assets were down by $1.522 billion at $114.215 billion, according to the RBI's weekly statistical supplement . — PTI

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