If you have multiple folders under My Reports, reports, and folders can easily be moved.
Steps
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Select the items that you want to move.
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Drag them to the destination folder, in either the folder list or the reports list.
Note that a Move items popup appears as you start the drag. This turns green when hovering over a valid location, or red when over a folder where you
cannot drop the items. For example, you cannot drop reports in a Standard Reports folder.
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A success message appears once you have moved the items to a valid location.