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India's forex reserves rise to $429.91 bln as of July 5

Friday,   12-Jul-2019   05:21 PM (IST)

India's foreign exchange reserves rose to $429.91 billion, as of July 5, compared with $427.68 billion a week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.