Good News India’s Foreign Reserve increases : RBI data shows

Reserve Bank of India’s data shows India’s foreign exchange reserves increased by $258.8 million to $402.035 billion as on March 8.

Foreign currency assets (FCA), which form a key component of reserves, rose by $167.1.2 million to $374.227 billion.

The increase in foreign reserves could partly be attributed to the rising investments by foreign investors in Indian capital markets.

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