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India's forex reserves at $62 billion

After witnessing inflows of over $2 billion in the previous four weeks, India's foreign exchange reserves have recorded a decline of $45 million at $62.021 billion for the week ended September 13.

This was solely due to country's foreign currency assets falling by $45 million at $58.803 billion in the reporting week, according to Reserve Bank of India's weekly statistical supplement issued in Mumbai on Saturday.

For the week ended August nine, the foreign exchange reserves had registered a decrease of $118 million at $60.030 billion.

RBI said the gold and special drawing rights remained unchanged at $3.208 billion and $10 million, respectively, in the week ended September 13.

The loans and advances to central government fell by Rs 3,934 crore (Rs 39.34 billion) to Rs 5,732 crore (Rs 57.32 billion), while that to state governments decreased by Rs 396 crore (Rs 3.96 billion) to Rs 3,757 crore (Rs 37.57 billion), it added.

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