India's forex reserves fall by another $2.6 billion - Economic Times

FIIs turning into buying mode is a positive for the equity market, however, due to the ongoing global uncertainties, domestic retail investors lack the confidence to take fresh positions, said Vinod Nair, Head of Research at Geojit Financial Services.

India's foreign exchange reserves fell by another $2.6 billion in the week to March 18, after nearly $10 billion fall in the week prior to that, as the Reserve Bank of India sold dollars to prevent t… [+995 chars]

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