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Gold prices dictate investment trends globally. India s cultural affinity for gold remains strong, with rising prices encouraging more investments. The market dynamics, influenced by import-export regulations and global demand, continue to shape the gold industry.
India s foreign exchange reserves saw a decline of $5.4 billion to $643.16 billion as of April 12, as per the latest data from the Reserve Bank of India (RBI). This followed a surge of $2.9 billion to a record high of $648.56 billion in the previous week. The decline was primarily due to a decrease of $6.51 billion in foreign currency assets (FCAs), which include assets denominated in currencies other than the US dollar.
As per the latest data released by the Reserve Bank of India (RBI), the country s foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
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