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Ruskin Felix Consulting

Ruskin Felix Consulting

Fluctuations in Reserves

Indian economy GDP Sustainable prospects FOREX

The RBI’s Weekly Statistical Supplement released Friday showed that foreign currency assets, a major reserve component, rose $4.38 billion to $509.728 billion for the week ended March 24. Foreign currency assets, expressed in dollars, include the effect of euro, pound, and yen appreciation or depreciation in foreign exchange reserves. The RBI reported $45.48 billion in gold reserves, up $1.37 billion.

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