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Foreign exchange reserves continue upward march

The country’s foreign exchange reserves continued their upward movement and gained a modest $ 347 million to touch a new high of $ 448.6 billion in the week to November 22, according to the weekly data released by the Reserve Bank of India (RBI) on November 29, 2019, said a report.

The reserves had increased by $ 441 million to reach $ 448.249 billion in the last week. The gain was mainly on account of the increase in foreign currency assets, a major component of the overall reserves, which was up by $ 254 million to $ 416.725 billion during the week, the data showed, as per the report.


Source : Exim News Service - Mumbai, Dec. 1


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