Foreign exchange reserves in Inida increased 1.1 billion U.S. dollars to a total of 272 billion U.S. dollars in the week as of Nov. 23, according to the Reserve Bank of India Saturday.
The Indian central bank said it reflected a slowdown in foreign capital inflows.
The reserves rose largely on account of a rise in foreign currency assets, which rose 1,130 million U.S. dollars in the week.
The central bank has been seeing a marginal slowdown in inflows in the week. The slowdown in inflows could be due to several factors. For one, the central bank had put curbs on inflows through the external commercial borrowing route by imposing end-use restrictions.
Source: Xinhua
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