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Forex kitty stays flat at $289.17 bn

India’s foreign exchange reserves rose by $17.8 million to $289.17 billion for the week ended 10 August, the Reserve Bank of India said on Friday. The reserves had increased by $502 million to $289.15 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the forex reserves, were down by $34.1 million to $256.92 billion for the week under review, the RBI said.

FCAs include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

The gold reserves were unchanged at $25.71 billion.

For the week under review, the special drawing rights were down by $1.5 million to $4.348 billion.
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