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Bulk of rise in forex reserves in Q1 due to gold

By Economic Times - 5 months ago
Reserve Bank of India added $5.6 billion to its stock of reserves in the June quarter, the latest Reserve Bank of India data indicated. Of this while foreign currency assets rose $1.9 billion during the quarter, the value of gold in reserves rose $3.8 billion during the quarter. India’s foreign currency reserves are at $652 billion as of June 28.

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