हालाँकि शब्दकोश उधार है, फिर भी मैं उसे आरक्षित करूँगी।

Although the dictionary is on loan, I will still reserve it.

Breakdown of हालाँकि शब्दकोश उधार है, फिर भी मैं उसे आरक्षित करूँगी।

• मैं: I
• होना: to be
• वह: it
• शब्दकोश: dictionary

Questions & Answers about हालाँकि शब्दकोश उधार है, फिर भी मैं उसे आरक्षित करूँगी।

Why does the sentence use both हालाँकि and फिर भी? Doesn’t हालाँकि already mean although?

Yes, हालाँकि already means although / even though, but Hindi very often uses a paired structure:

हालाँकि ... फिर भी ...
= although ... still / nevertheless ...

So the sentence literally feels like:

Although the dictionary is on loan, still I will reserve it.

In English, using both can sound a bit heavy, but in Hindi it is very normal and natural.
You can think of फिर भी as adding emphasis: even so, nevertheless, all the same.

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What exactly does उधार है mean here?

उधार means borrowed, on loan, or lent out, depending on context.

So शब्दकोश उधार है means something like:

• The dictionary is borrowed
• The dictionary is on loan
• The dictionary has been lent out

In this sentence, the most natural understanding is that the dictionary is currently not freely available because someone has borrowed it.

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Why is it उसे and not वह for it?

Because उसे is the oblique/object form of वह.