India's foreign exchange reserves cross $130bn

India's foreign exchange reserves climbed to $132.96 billion in the week ended Feb 18 on large-scale overseas fund inflows into the domestic market, the Reserve Bank of India said Saturday 26 February.

This represents an increase of $2.98 billion in the country's foreign exchange pile over the previous week, figures issued by the central bank here showed.

During the week ended Feb 18, the country's foreign currency assets registered an increase of $2.97 billion over the previous week to touch $127

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