India's forex reserves fall for second straight week

India's foreign exchange reserves fell for a second consecutive week and stood at a one-month low of $589.14 billion as of May 26, the Reserve Bank of India's (RBI) data showed on Friday. That was a decrease of $4.34 billion from the previous week. Reserves had fallen by $6.05 billion in the week ended May 19, the biggest fall in more than three months.

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