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India's Forex Reserves reach USD 372 Billion - A Record-high


India’s foreign exchange reserves scaled a new high of USD 371.99 billion, up USD 1.223 billion for the week to September 30, as per the Reserve Bank data.
●    The central bank said the increase was primarily on account of a USD 1.468-billion surge in the foreign currency assets.
●    In the previous week, the reserves had risen by USD 1.166 billion to USD 370.766 billion. Previously, they had touched a high of USD 371.279 billion in the week to September 9.
●    After remaining steady for multiple weeks, gold reserves declined USD 236.4 million to USD 21.406 billion.
●    The reserves as on September 23 comprised of foreign currency assets at $345.24 billion, gold at $21.64 billion, special drawing rights at $1.49 billion and the reserve position in IMF at $2.39 billion.
 

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