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Forex »
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Forex kitty jumps million to touch billion
July, 04th 2009
Foreign exchange reserves rose by $932 million during the week ended June 26, partly due to cross currency revaluation and the central bank purchasing dollars to prevent the rupee from rising too sharply.

According to the latest data released by the Reserve Bank of India in its weekly statistical supplement (WSS), total foreign exchange reserves, including gold and special drawing rights (currency with the International Monetary Fund) rose by $932 million to touch $264.58 billion during the week ended June 26. Almost the entire growth in reserves was on account of the rise in foreign currency assets. 
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