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flag India's foreign exchange reserves hit $698.19 billion, up $2.7 billion, driven by gains in currency and gold assets.

flag India's foreign exchange reserves climbed by $2.7 billion to $698.19 billion in the week ending July 25, according to the Reserve Bank of India. flag The increase was driven by a rise in foreign currency assets by $1.3 billion and gold reserves by $1.2 billion. flag The RBI intervenes in the foreign exchange market to manage liquidity and prevent excessive volatility in the rupee's exchange rate.

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