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India's Forex Reserves Plummet—Gold Still Sparkles!

India's Forex Reserves Plummet—Gold Still Sparkles!

Big news, folks! India's forex reserves just took a massive hit—down a whopping $7.05 billion, now at $709.75 billion! Why? Foreign currency assets dropped like a lead balloon! But wait, gold's still shining, up to $130.68 billion! The RBI's selling dollars like it's a fire sale! With all this chaos, the pressure's on, folks. Stay tuned, it’s gonna be yuge!

Quick rundown

  1. India's forex reserves fell by $7.05 billion.
  2. Gold reserves increased to $130.68 billion.
  3. RBI sold $6 billion net in the spot market.
  4. FPI outflows in March reached $10 billion.
  5. Geopolitical tensions impact forex reserves.

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  • Rupee Wobbles, But India's Reserves Are Absolutely Massive!

Series

  • Indian Premier League
  • Pakistan Super League
  • South Africa Women tour of New Zealand
  • County Championship Division Two