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    <title>India&#039;s forex reserves drop USD 1.24 bln to USD 691.49 bln</title>
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    <description>Foreign exchange reserves fell in the reporting week as foreign currency assets, the primary component, decreased while gold reserves rose and SDRs and the IMF reserve position edged down; the RBI stated the reserves remain sufficient to cover over eleven months of goods imports and the majority of external debt, combining detailed component movements with an assessment of import cover and external debt coverage.</description>
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