India’s foreign exchange reserves increased by $7.196 billion in the week ending May 5, 2023, reaching $595.976 billion, which is an 11-month high. This follows a previous rise of $4.532 billion the week before. Foreign currency assets (FCA) saw the most significant growth, rising by $6.536 billion to $526.021 billion during the week.
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The analyst predicts that the rupee’s range will fall between 81.95-82.25 and a break on either side will determine its clear trend.
Also Read: Retail Inflation Sees Significant Drop in April, Hits 4.7%
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