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The Economic Times

Business / The Economic Times

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Forex reserves decline by $12 billion as volatility hits asset valuations

The movement in reserves comes at a time when the Indian rupee has been experiencing heightened volatility, with the currency recently touching record lows against the US dollar. The pressure on the rupee has been partly linked to the ongoing geopolitical tensions stemming from the US-Israel-Iran war, which have contributed to instability in global energy markets.

14 Mar 2026 12:15 am