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Forex reserves up by $2.5 billion to $356 billion

FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the reporting week, RBI said in a release here

Press Trust of India  |  Mumbai 

The country's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended March 18, on account of rise in foreign currency assets (FCAs), the Reserve Bank said today. The reserves had touched a high of $355.46 billion in the week ended June 19 last year. In the previous week, the reserves had increased by $2.543 billion to $353.407 billion. FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the reporting week, RBI said in a release here. FCAs, expressed in dollar terms, ...

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