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India's foreign exchange reserves record high of USD590 billion

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India's foreign exchange reserves record high of USD590 billion

timestampFeb 06, 2021 authorAlShorts Web Desk

According to Reserve Bank of India, the country's foreign exchange reserves rose USD4.85 billion to touch a record high of USD590.18 billion in the week ended 29 January. The reserves rose on account of an increase in foreign currency assets, a major component of the overall reserves. Gold reserves showed a decline with a reduction of USD164 million to reach USD36.29 billion.

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