India's Forex reserves fall to 2-year low of $524 billion
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Foreign exchange reserves fell $3.8 billion to a two-year-low of $524.52 billion in the week ended October 21, data released by Reserve Bank of India (RBI) on Friday revealed. This is the lowest level at which foreign exchange reserves have fallen since July 2020. The slide has occurred mainly due to a fall in RBI's foreign currency assets, which fell to $465.08 billion in the week ended October 21.