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Forex reserves fall most since 2011 in signs of RBI intervention

Saturday, October 20, 2018, 11:06 AM

India made biggest dent in its foreign exchange reserves in seven-years as central bank stepped up action to prop up Asia's worst-performing currency. Reserves dropped by $5.14 billion in seven-days ended October-12, the biggest weekly decline since November 2011, as the Reserve Bank of India sold dollars to shore up the rupee, helping it end a losing streak that extended for six weeks.
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Forex Reserves Fall Below $400 Billion For The First Time In 2018

Saturday, September 15, 2018, 10:55 AM

India's foreign exchange reserves fell below $400 billion mark for the first time this year as RBI continued selling dollars to cushion the fall in the rupee. Reserves fell to $399.3 billion as on September 7, a drop of $819 million over the previous week. At current levels, the reserves are adequate to cover about nine months of imports.
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Infosys to voluntarily delist from Euronext Paris, Euronext London

Monday, March 12, 2018, 5:49 PM

Indian Software firm Infosys today announced its intention to voluntarily delist its American Depositary Shares from Euronext Paris and Euronext-London-exchanges. The ADS of the Bengaluru-based firm will continue to be listed on the New-York-Stock Exchange. It said the primary reason for seeking the proposed delisting is the low-average daily trading volume of Infosys-ADS on these exchanges, which is not commensurate with the related administrative-requirements.

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