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Excluding valuation impact, overseas trade reserves elevated $32.9 billion in opposition to a depletion of $14.7 billion throughout April-December 2022. International trade reserves in nominal phrases (together with valuation results) elevated $44 billion, as in opposition to a lower of $44.6 billion within the corresponding interval of the previous 12 months.
The valuation acquire, reflecting the depreciation of the US greenback in opposition to main currencies, decrease bond yields and better value of gold, amounted to $11.1 billion throughout April-December 2023 as in opposition to a valuation lack of $29.9 billion throughout April-December 2022, the RBI stated.
