India's forex reserves rises after four weeks of fall
2 years, 4 months ago

India's forex reserves rises after four weeks of fall

India TV News  

India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by foreign investors in the Indian equity market. The country's foreign exchange reserves rose by $2.315 billion to $573.875 billion during the week ending June 29, according to the Reserve Bank of India's weekly supplementary statistical data. "India's foreign exchange reserves, supplemented by net forward assets, provide insurance against global spillovers. "The Reserve Bank has also used its foreign exchange reserves accumulated over the years to curb volatility in the exchange rate," he added.

History of this topic

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