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India's foreign exchange reserves surged to a near-five-month high of $665.4 billion, up $6.6 billion.
India's foreign exchange reserves hit a near-five-month high of $665.4 billion by March 28, marking a fourth straight week of growth with a $6.6 billion increase.
The Reserve Bank of India's (RBI) strategic gold accumulation, totaling 879 tonnes, significantly boosted reserves by 53% to ₹6.65 lakh crore.
This move helped diversify holdings and mitigate currency risks.
Additionally, a narrowing trade deficit and renewed foreign investment in Indian equities supported the rupee's appreciation by 0.6%.
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Las reservas de divisas de la India aumentaron a un máximo de casi cinco meses de 665.400 millones de dólares, lo que supone un aumento de 6.600 millones de dólares.