Forex reserves News
Forex reserves fall to 13-month low The country's foreign exchange reserves dipped to a 13-month low to $293.5 billion for the week ended January 6, 2012, down by $3.1 billion from the previous week. Data released by the Reserve Bank of India (RBI) showed the drop was mainly on account of revaluation in the foreign currency assets which fell by $3 billion to $260 billion.Mahindra unveils electric cars According to economists, intervention
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