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India’s forex reserves fall by $5.22 billion for week ending Sep 16 to hit near 2-year low
The fall in the foreign exchange reserves can be attributed to a fall in the Foreign Currency Assets (FCA), which is a major component of the overall reserves, according to the Weekly Statistical Supplement released by RBI. Foreign currency assets dropped $4.70 billion to $484.90 billion for the same period. Gold reserves fell $458 million to $38.19 billion.