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Forex reserves rise $781 mn to $352 bn

Forex reserves rise $781 mn to $352 bn

Press Trust Of India Mumbai
India's foreign exchange reserves increased by $780.9 million to $352.5 billion in the week ended November 13, helped by rise in foreign currency assets, according to the Reserve Bank of India (RBI) data.

In the previous week, the reserves had fallen by $1.9 billion to $351.7 billion.

Foreign currency assets (FCAs), a major component of overall reserves, was up $793.5 million to $328.5 billion, RBI said in a release issued here on Friday.

The gold reserves remained unchanged at nearly $18.7 billion in the week.

The country's special drawing rights with the International Monetary Fund declined $9.5 million to about $4 billion, while the nation's reserve position with IMF fell $3.1 million to about $1.3 billion, the central bank said.
 

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First Published: Nov 21 2015 | 12:22 AM IST

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