India’s forex reserves rise to $642.45bn

11 Sep, 2021

BENGALURU: India’s foreign exchange reserves rose to $642.45 billion as of Sept. 3, compared with $633.56 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in RBI’s reserves.

Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund.

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