Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI
6 months, 4 weeks ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News  

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following multiple weeks of increases till April 5. As per RBI, in the week that ended on May 10, Foreign Currency Assets — a major component of the reserves — increased by $ 3.361 billion to $ 569.009 billion, the data released on Friday showed. ALSO READ | India's foreign exchange reserves jump USD 3.7 billion

History of this topic

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