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.
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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