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Indian Forex reserves surge by $4 billion to $461 billion: RBI Report

Shortpedia

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India's foreign exchange reserves are on a spree of positive growth as the reserves saw a surge of $3.68 billion over the last week to rise up to $461.15 billion from $457.46 billion. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). FCAs edged higher by $3.01 billion to $427.94 billion.