Forex kitty grows $3 billion to $480 billion on rising dollar, gold

ndia’s forex reserves rose by $3 billion during the week ended April 17 to $479.6 billion. Half the increase was because the value of gold held by the Reserve Bank of India (RBI) appreciated in dollar terms, while the other half came from an increase in the value of foreign currency assets, which rose to $441.9 billion.

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