INSUBCONTINENT EXCLUSIVE:
reserves soared by $4.368 billion to $418.515 billion in the week to April 26, helped by the second dollar-rupee swap auction, RBI data
In the swap auction conducted on April 23, the Reserve Bank had received bids worth $18.65 billion against $5 billion on offer
It accepted just five bids worth $5 billion
foreign currency assets include the effect of appreciation/depreciation of non-US currencies like the euro, pound and yen held in the
billion, according to the data
The special drawing rights with the International Monetary Fund was down by $5.9 million to $1.449 billion
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