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Context: Covid-hit India’s foreign exchange reserves jumped by a record $11.9 billion in the week ending July 31, hit a fresh high of $534.5 billion, making it the fifth largest holder of reserves in the world.
India’s foreign exchange reserves: How has the rise been?
What has led to this rise in forex reserves?
What does the rising forex reserves mean?
What does the RBI do with the forex reserves?
Are forex reserves giving returns to India?
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