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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India’s forex reserves soar $2.69 bln; up $5.41 bln in three weeks

Posted on 13 June 2011

India’s foreign exchange (forex) reserves soared by $2.69 billion to $312.90 billion for the week ended June 3 on the back of a sharp increase in the value of gold reserves and foreign currency assets.

This is the third consecutive week that the country’s forex reserves kitty has seen a jump. The country’s foreign exchange reserves have increased by a whopping $5.41 billing in the last three reporting weeks……………………………………….Full Article: Source


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