India's foreign exchange reserves hit record highs

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Mumbai, January 24, 2020 Friday

The country's foreign exchange funds rose $ 94.3 million to $ 462.16 billion, setting a new record, according to data released by the Reserve Bank recently.

According to data released by the Reserve Bank on Friday, foreign exchange assets increased by foreign currency assets during the review period, while foreign currency assets increased by $ 88.7 million to $ 424.45 billion.

Meanwhile, the gold reserves also increased by $ 700 million to $ 28.56 billion. During the week, the special drawing rights in international currency reserves increased by $ 2.5 million to 1.45.

While IMF's reserves increased by $ 3 million to $ 3.70 billion in the IMF, the RBI said foreign exchange funds also included euros, pounds, and Japanese yen.

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