Russia's currency and gold reserves advanced to $503.0 billion

Source: Commodityonline

Russia's currency and gold reserves rose 4.92% to $503.0 billion from $479 billion last year, reported Russian Central Bank. The reserves jumped by $ 1.7 billion during the last week. India, one more member of BRIC, also saw a jump of the foreign exchange reserves by $2.48 billion. Analysts explain the increase by the rising value of gold holdings and foreign currency during the period.

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