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MUMBAI, Aug 2 Asia Pulse - Reversing the trend of net inflows seen over the past three weeks, India's foreign exchange reserves dropped by a whopping US $1.53 billion to US .57 billion for the week ended July 23.
Revaluation of the US dollar against other international currencies and low inflows led to the sharp drop in reserves, analysts said.
The foreign exchange reserves stood at US $1,19,575 million as against the previous week's US $1,21,106 million.
The foreign currency assets were down by US $1,522 million at US $1,14,215 million, according to the ...
Source: HighBeam Research, INDIA'S FOREX EXCHANGE RESERVES TUMBLE BY US $1.5 BLN.