Forex reserves fall $4.5 billion in two weeks

Started by OZER, Dec 12, 2021, 04:34 PM

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India's foreign exchange reserves dipped $1.783 billion in the week to December 3, making it the second straight weekly fall as foreign portfolio investors remained net sellers in the equity market.  The reserves stood at $636.905 billion, Reserve Bank of India's weekly data showed. Reserves fell $4.5 billion in the last two weeks.


The reserves stood at $636.905 billion, Reserve Bank of India's weekly data showed. Reserves fell $4.5 billion in the last two weeks.

Source https://economictimes.indiatimes.com/news/economy/finance/forex-reserves-fall-4-5-billion-in-two-weeks/articleshow/88210084.cms
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Inflation is an expansion of the money supply, period!  Rising prices are the consequence.