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India's forex reserves decline by $8.31 billion

India's foreign exchange reserves declined by $8.31 billion to $566.94 billion in the week ending on February 10, according to the Reserve Bank of India's latest data released .

  • India's reserves fell 8.3%, logging the biggest decline in more than 11 months.
  • Data released in the previous week showed that India's foreign exchange reserves dropped by $1.49 billion to reach $575.27 billion as of February 3, snapping a three-week rising trend.
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