1 year ago
India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
FirstpostIndia’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December 15 week, India’s total foreign exchange reserves rose from USD 2.816 billion to USD 606.859 billion. For the week ended December 15, the foreign currency assets, a major component of the reserves, increased USD 8.349 billion to USD 545.048 billion, as per the Reserve Bank of India data released on December 22.
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History of this topic
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