Forex
reserves cross $116 billion
Mumbai: India 's foreign exchange reserves have
jumped by a record $3.37 billion to cross the $116 billion
mark for the week ended April nine. The country's forex
reserves rose from $1,12,680 million to a new peak of
$1,16,060 million in the period under review, according
to Reserve Bank of India 's weekly statistical supplement
issued on Saturday.
Foreign
currency assets also surged ahead by $3,385 million at
$1,10,560 million, while gold reserves and special drawing
rights remained static at $4,198 million and $2 million
respectively.
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