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India’s forex reserves may deplete by $39 bn: Goldman Sachs - Times of India

India’s forex reserves may deplete by $39 bn: Goldman Sachs - Times of India
NEW DELHI: Decline in capital inflows as a result of ongoing global financial turmoil may see India’s foreign exchange reserves depleting by $39 billion during 2008-09, says a report by global banker Goldman Sachs. India’s foreign exchange reserves …