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Our Bureau

Mumbai, July 3 Foreign exchange reserves increased by $932 million to $264.584 billion for the week ended June 26, according to figures released in the Reserve Bank of India’s weekly statistical supplement.

For the week ended June 19, the reserves expanded by $8 million to $263.652 billion.

The reserves are up for the third consecutive week.

In the week under consideration, the foreign currency assets increased by $924 million to $253.732 billion.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.

With an improvement in overall sentiment, there was FII inflow into the country, said a dealer with a private bank.

Gold reserves and SDRs remained unchanged at $9.604 billion and $1 million respectively.

The reserve position in the IMF increased by $8 million to $1.24 billion.

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