Sharp rise in Indian forex reserves by US $326 bn

INDIA - The country's forex reserves have registered a sharp rise of $326 million to touch $44.135 billion for the week ended August 10, as against $43.809 billion in the previous week.

Total reserves, including foreign currency assets, increased by $326 million to $41.355 billion. There was no change in gold reserves and special drawing rights (SDRs) which stood at $2.77 billion and $9 million, respectively.

Loans and advances provided by the Reserve Bank of India to the Centre declined by Rs

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