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Forex reserves soar to lifetime high of $490 billion, shows RBI data

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

Forex reserves rise by $2.7 bn to $396 bn, highest weekly gain in a year
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Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed.

Agencies
The country's foreign exchange reserves swelled by $3.005 billion to a lifetime high of $490.044 billion in the week to May 22, mainly on account of a rise in foreign currency assets, RBI data showed on Friday.
 
In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

Foreign currency assets (FCA), a major component of the overall reserves, increased by $3.035 billion to $451.706 billion in the reporting week, Reserve Bank of India (RBI) data showed.  Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US

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First Published: May 29 2020 | 11:30 PM IST

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