The Indian Forex Reserve has been pushed up by nearly $600 million at the very firt week ending of the new year. This increase is due to increase in the value of gold assets reserved by the Reserve Bank Of India. According to Reserve Bank of India, the increase in reserve is nearly 26000 crore in Indian Rupee. The foreign asset reserve moved up about 5 million and similarly the gold aset also increase upto some extent. In the mid of year 2008 there is a slight decline in the forex rate. There has been a big decline in the rates which affected the Forex reserve and it decreased by nearly $25 billion.
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