India’s forex reserves dip $ 5.7 billion in a week up to January 03
India's forex reserves declined by $5.7 billion as of January 3, primarily due to foreign investors withdrawing dollars and the revaluation of non-dollar assets. Foreign currency assets decreased by $6.4 billion, while the value of gold reserves increased by $824 million, indicative of gold's growing significance in India's foreign exchange reserves.
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