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Forex reserves swell by $4.26 bn, hit all-time high of $340 bn

Mar 28, 2015    

Indias foreign exchange reserves shot up to an all-time high of $339.99 billion, after a $4.26 billion increase over the week ended 20 March, driven by a rise in core currency assets, as per RBI data released today.Total reserves had dropped by $2.06 billion to $335.73 billion in the previous week, after touching an all-time high at $338.079 billion a week earlier.The foreign currency assets, the biggest component of the reserves, grew $4.54 billion to $314.88 billion for the week, as per the data.Foreign currency assets, expressed in dollar terms, include the effect of appreciation and deprec...

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