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CPROpinion & CommentaryExplained: Making use of forex reserves

Opinion and commentary

Explained: Making use of forex reserves

By Harish Damodaran

The Indian Express

July 25, 2022

India’s foreign exchange reserves have dipped $70 bn in 10 months. Before that, India had accumulated these in a most unconventional manner — which it is now deploying to defend the rupee.

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