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Forex reserves touch all-time high of $356 bn

Rise in reserves was predominantly on account of increase in FCAs

BS Reporter  |  Mumbai 

India’s foreign exchange reserves touched an all-time high of $355.95 billion in the week ended March 18, on the back of an addition of $2.53 billion to the kitty. The reserves had touched $355 billion in the week ended June 19, 2015.  India’s foreign exchange reserves have risen $14.3 billion since March 2015. In the week ended March 11, the reserves had increased $2.54 billion to $353.40 billion, according to Reserve Bank of India (RBI) data. The rise in reserves was predominantly on account of increase in foreign currency assets (FCAs) — a major component ...

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