India’s forex reserve jumped by USD 4.758 billion to USD 640.479 billion in the week ended February 21, the Reserve Bank said on Friday.In the previou
India’s forex reserve jumped by USD 4.758 billion to USD 640.479 billion in the week ended February 21, the Reserve Bank said on Friday.
In the previous reporting week, the overall reserves had dropped by USD 2.54 billion to USD 635.721 billion.
The reserves have been on a declining trend for the past several weeks due to revaluation along with forex market interventions by RBI to help reduce volatility in the rupee. Gold reserves increased by USD 426 million to USD 74.576 billion during the week.
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