Parul
India’s foreign exchange reserves rose to US$ 576.76 billion during the week ending January 27, according to data released by the Reserve Bank of India (RBI) on Friday.
This is the third consecutive week that the country’s reserves have risen. During the week ending January 20, the foreign exchange reserves were US$ 573.73 billion.
The central bank has been intervening to buy dollars to stabilise the rupee. Apart from this, the valuation changes have also added to the RBI’s foreign exchange reserves.
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