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A Record High Forex Reserves
April 27 , 2018
2275 days
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- According to the Reserve Bank of India (RBI), India’s forex (foreign exchange) reserves have touched record high of $424.864 billion in April 2018.
- The surge was due to massive spike in foreign currency assets (FCAs), a key component of the reserves.
- The forex are reserve assets held by a central bank in foreign currencies.
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