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Forex reserves increase by US$8mn

India’s foreign-exchange reserves increased by US$8mn to US$263.652bn for the week ended June 19 from US$ 263.644bn last week.

Foreign-currency assets (FCA) increased by US$10mn to US$252.808bn, while the nation’s gold reserves remained static at US$373mn, according to the RBI weekly report.

FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves.

India’s special drawing rights remained unchanged at US$1mn and reserves with the International Monetary Fund decreased to US$1239mn, respectively.