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Forex chest swells to all-time high of $391 bn: RBI

The record high was aided by an increase in foreign currency assets

India's foreign exchange reserves touched a new record high of $391.33 billion after it rose by $2.27 billion in the week to July 21, aided by an increase in foreign currency assets (FCAs), RBI data showed. In the previous week, the reserves had risen by $2.68 billion to $389.06 billion.

FCAs, a key component of overall reserves, surged by $2.24 billion to $367.15 billion, according to RBI data. Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves. Gold reserves remained ...

First Published: Mon, August 28 2017. 15:36 IST

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