India’s foreign exchange reserves fell by $5 billion in the week to July 1 - Economic Times

The Reserve Bank of India responded to the rupee's fall with steps to attract capital inflows on July 6, but the measures would take time to foreign currency demand-supply imbalance, economists said.

Indias foreign exchange reserves got depleted by $5 billion in the week ended July 1, as foreign portfolio investors continued withdrawing investments from local equities leading to the rupee's slide… [+1398 chars]

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