The Headlines – Forex monitor: India’s reserves rise by $1 bn; gold holdings jump sharply as overall kitty hits $687.26 bn

India’s foreign exchange reserves saw a significant increase of USD 1.033 billion, reaching USD 687.26 billion in the week ending December 5. This rise was primarily driven by a substantial jump in gold reserves, which grew by USD 1.188 billion. Foreign currency assets experienced a slight dip, while Special Drawing Rights saw an increase.

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