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Indian Foreign Exchange Reserves Analysed with Annotated Chart

DOLLAR RESERVE FALLS COURTESY gaarIt is a concern that Foreign reserves are dipping down and same can be attributed to GAAR implementation in India. Have  a look at chart showing decline in Indian foreign reserves. 08 May 2012 is the date to watch when finance bill will be passed giving assent for implementation for GAAR. You can also check out Nifty vs dollar index to get an idea how dollar rate affects Indian market, economy and gold rates.

India foreign exchange reserves 2011, India foreign exchange reserves 2012

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