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Forex reserves of 8 Asian countries down by $36 bn (rediff.com)

29th September 2008

Forex reserves of 8 Asian countries down by $36 bn (rediff.com)

posted in News |

Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.

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