Forex kitty rises to $395bn

India's foreign exchange reserves swelled by $1.15 billion to a new lifetime high of $394.6 billion for the week ended August 25 on the back of a healthy rise in core currency assets.

The total reserves had declined by a marginal $211.1 million to $393.4 billion in the previous reporting week. They had touched an all-time peak of $393.6 billion in the week before. The foreign currency assets, a major component of the overall reserves, increased by $1.14 billion to $370.8 billion for the week under review. FCAs include effects of appreciation or depreciation of the euro, the pound and the yen held in the reserves.

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