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The dollar remains strong near a two-year high, while the yuan slides to a 16-month low amid upcoming U.S. economic data.
India's foreign exchange reserves have declined for three months, reaching a multi-month low amid RBI interventions.
India's foreign exchange reserves decrease by $4.11 billion to $640.27 billion due to market interventions and currency fluctuations.
The Indian rupee weakened 5 paise to 85.69 against the US dollar, influenced by foreign fund outflows and dollar strength.
China's forex regulator mandates banks to enhance scrutiny on cryptocurrency trades, complicating transactions for local investors.
The rupee ends 2024 down nearly 3%, closing at a record low of 85.59 against the dollar amid weakening trends and capital outflows.
China's new forex regulations mandate tighter bank scrutiny on cryptocurrency trades, complicating digital asset transactions for investors.
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