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Saturday, November 7, 2009

Forex reserves fall by USD 1.12 million

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The forex reserves have fallen by $1.12 million to $284.39 billion in the week ended on October 30. The rupee rose for a third day, the longest stretch of gains in a month, assigns of the global economy is recovering from a recession buoyed demand for then ation's assets.

India's 10-year bonds fell for a third day, the longest losing streak in almost four weeks, as some investors sold their holdings to buy securities at an auction on Friday . The yield on the 6.90 % note due July 2019 climbed two basis points,or 0.02%,to7.31%.

The yield on the benchmark note maturing in 2019 rose to the highest in more than a week as the government sold $1.92 billion of debt.

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To read the ePaper, visit: http://epaper.financialexpress.com

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