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INDIA'S FOREX RESERVES AT RECORD HIGH OF $424.864 BILLION:RBI
According to the Reserve Bank of India (RBI), India’s forex (foreign exchange) reserves have touched record high of $424.864 billion in April 2018. The surge was due to massive spike in foreign currency assets (FCAs), a key component of the reserves. The forex reserve had crossed $400-billion mark for the first time in September 2017, but has since been fluctuating.
Forex Reserves
The…
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