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Index of Industrial production growth (IIP) in February stood at 5.6 per cent up from 5.5 per cent (YoY) in January. INR appreciated over the month (up +0.4 per cent MoM) and ended the month at 81.83/USD in April. India’s FX reserves came in at US 584 bn. FX reserves have risen by US 5.5 bn in the last four weeks.
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