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India’s forex reserves surge by $3.62 bn to fresh all-time high

Foreign currency assets, a major part of the overall reserves, rose by USD 1.464 billion to USD 492.293 billion. 

In the previous week, the reserves had increased by USD 11.938 billion to end at USD 534.568 billion. 

Gold reserves went up by USD 2.160 billion to end at USD 39.785 billion. India’s special drawing rights with the International Monetary Fund rose by USD 6 million to reach USD 1.481 billion, while the country’s reserve position, however declined by USD 7 million to USD 4.632 billion.

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