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India's forex reserves dropped by $3.165 billion to $603.87 billion for the week ended July 28, the RBI said on Friday. This is the second consecutive weekly drop in the reserves after the $1.987 billion decline to $607.035 billion in the previous reporting week, In October 2021, the country's forex kitty reached an all-time high of $645 billion. The reserves took a hit as the

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