At $11.7bn, forex kitty falls most in over a year
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…