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    <title>Forex reserves drop USD 9.32 bn to USD 688.87 bn</title>
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    <description>The Reserve Bank&#039;s weekly disclosure shows a decline in India&#039;s external assets for the week ended August 1, led by a fall in Foreign Currency Assets, with concurrent decreases in gold reserves, Special Drawing Rights, and the reserve position with the IMF; foreign currency assets are expressed in dollar terms and include valuation effects from non US currency movements.</description>
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