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Forex reserves up $1.31 billion at $288.65 billion

Forex reserves up $1.31 billion at $288.65 billion Zeebiz.com

Mumbai, Aug 03: The foreign exchange reserves swelled by USD 1.31 billion to touch USD 288.65 billion on a jump in core currency assets, the Reserve Bank said on Friday.

The reserves had swelled by USD 589 million to USD 287.34 billion in the previous reporting week.

Foreign currency assets, a major component of the forex reserves, were up by USD 1.291 billion to USD 256.39 billion for the week ended July 27, the Reserve Bank said today.

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