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of <h1>Foreign Exchange Reserves Decline by $4.88B, Remain Robust Despite Gold Reserve Reduction Under FEMA Regulations</h1> India's foreign exchange reserves decreased by USD 4.88 billion to USD 685.72 billion for the week ending May 16. Foreign currency assets rose slightly by USD 279 million, while gold reserves dropped by USD 5.121 billion. The reserves remain substantial, though lower than the all-time high of USD 704.885 billion recorded in September 2024.
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