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South Korea’s Foreign Reserves Decline for Second Consecutive Month

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Seoul, Feb 4 (IANS) South Korea’s foreign reserves fell for the second consecutive month in January amid government efforts to stabilise the foreign exchange market, the central bank said on Wednesday.South Korea ranked as the world’s ninth-largest holder of foreign reserves as of end-December. China topped the list, followed by Japan, Switzerland, Russia and India, according to the BOK.The country’s foreign reserves stood at US$425.91 billion as of end-January, down $2.15 billion from a month e…