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The Economic Times

Business / The Economic Times

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Forex kitty slips below $700 billion as bullion loses some sheen

India's foreign exchange reserves dropped significantly last week. Gold prices fell, impacting the overall reserves. The Indian Rupee also weakened against the US Dollar. Oil prices rose due to geopolitical concerns. The Reserve Bank of India's intervention in the currency market was limited. Traders anticipate further Rupee depreciation, with some forecasting levels around 100 against the Dollar.

28 Mar 2026 12:54 am