MONEY: India’s foreign reserve up nearly $4 b to touch $292 b

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Foreign currency assets comprising dollars, British pounds and euro, among others, rose $3,781 million during the week.
The value of gold in reserves, however, did not change. While special drawing rights and the reserve capital with the IMF rose $57 million and $23 million, respectively.
During the week, foreign investors had made huge investments in the Indian stock markets. It is likely that the central bank has purchased a substantial chunk to prevent the rupee from a steep appreciation