India’s forex reserves rise to $430.38bn as on July 19 – cenbank

Fawad Maqsood July 26, 2019

BENGALURU: India’s foreign exchange reserves rose to $430.38 billion, as on July 19, compared to $428.80 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.

Copyright Reuters, 2019

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