India’s Forex Reserves Drop by $1.80 Billion

As always, it pays to pay attention to what is happening in the Forex world.

India’s Forex Reserves Drop by $1.80 Billion

“The forex reserves had declined by $1.37 billion and $2.18 billion respectively in the previous two weeks. Foreign currency assets, the biggest component of the forex reserves kitty, fell by $1.74 billion to $256.11 billion during the week ended May 18 …”
http://www.indolink.com/displayArticleS.php%3Fid%3D052812125030

┬áThat’s a lot of money to lose in one investment niche. Read the article and make sure you know what is going on.

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