MUMBAI, April 14 (Reuters) - India's foreign exchange
reserves jumped to $584.76 billion for the week
ended April 7, the highest in nine months, the Reserve Bank of
India's (RBI) statistical supplement showed on Friday.
That is an increase of $6.3 billion from the previous week.
The central bank intervenes in the spot and forwards markets
to prevent runaway moves in the rupee . Changes in forex
reserves also stem from valuation gains or losses.
For the reported week, the rupee ended 0.3% higher against
the U.S. dollar. The Indian unit traded in a wide range of
81.8300 to 82.4550 to the dollar.
The rupee closed at 81.85 on Thursday and clocked its fourth
consecutive weekly rise for the holiday-shortened week ending
April 14.
(Reporting by Siddhi Nayak; Editing by Shilpi Majumdar)
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