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This file photograph exhibits a cash changer exhibiting the foreign money notes at a cash alternate store in New Delhi, India. (Xinhua/Partha Sarkar)
NEW DELHI, March 25 (Xinhua) — India’s overseas alternate reserves reached an all-time excessive of 642.49 billion U.S. {dollars} through the week ended March 15, the nation’s central financial institution has reported.
This was the fourth straight week with a rise within the foreign exchange reserves for the South Asian nation.
According to the Reserve Bank of India on Friday, the foreign exchange reserves rose by almost 6.4 billion {dollars} through the week ended March 15.
The overseas foreign money property stood at 568.386 billion {dollars}, whereas the gold reserves amounted to 51.14 billion {dollars} through the cited week, the information confirmed.
Meanwhile, the Indian rupee fell to its lowest degree of 83.43 towards the U.S. greenback, because of broad weak spot in its Asian friends and the aggressive native demand for the U.S. greenback.■
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