MUMBAI: The country's foreign exchange reserves rose to $279.422 billion for the week ended July 9, up by around $1.16 billion over the previous week, backed by a healthy jump in foreign currency assets.
The foreign currency assets, which is a major component of the reserves, grew by $1.13 billion during the week to $253.26 billion from $252.12 billion in the week ago, the RBI said in its weekly report today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies,...
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