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Forex reserves swell

Mumbai Feb. 15. India's foreign exchange reserves soared by over $1 billion for the third time in the last seven weeks to cross the $74-billion mark, a record level, mainly due to foreign direct investments and export remittances.

The foreign exchange reserves swelled by $1,084 million, the highest rise in the current fiscal, at $74,667 million for the week ended February 7, according to the RBI's weekly statistical supplement.

PTI

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