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India's foreign exchange reserves jump $1.2 bn

India's foreign exchange reserves jump $1.2 bn

Monday, March 13, 2017, 12:52 PM

India's foreign exchange reserves rose $1.2 bn to reach $364 bn as on February 17 said the Reserve Bank of India. Buoyed by a strong domestic market and a stable Rupee the central bank has been buying foreign currency in order to strengthen its foreign exchange reserves. India has also been receiving a strong intake of investments from foreign investors throughout the new year.
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