Forex reserves hit new high at over $338 bn

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forexForeign exchange reserves rallied to a new life-time high at USD 338.079 billion, an increase of USD 3.886 billion in the week to February 27.

The foreign currency assets, a major constituent of overall reserves, increased by USD 3.902 billion to USD 312.200 billion.

The country’s gold reserves remained at USD 20.183 billion for the reporting week.