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The country’s foreign exchange reserves surged by $2.342 billion to touch a life-time high of $453.422 billion in the week to December 6, according to the RBI data. In the previous week, the reserves had increased by $2.484 billion to $451.08 billion, the weekly data released by the RBI on Friday showed.
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by $1.891 billion to $421.258 billion, according to the data.
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