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India's forex reserves surge $1.94 bln to $311.9 bln


Mumbai, Country's foreign exchange reserves rose by USD 1.944 billion to USD 311.857 billion in the week ended May 2 on higher currency assets.

Last week, the total reserves rose by USD 499.8 million to USD 309.913 billion.Foreign currency assets (FCAs), a major part of the overall reserves, surged USD 2.541 billion to USD 284.571 billion in the period, RBI said today.