8 months, 1 week ago
India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion
Live MintIndia's foreign exchange reserves increased $2.98 billion to $648.562 billion for the week ended April 5, data released by the the Reserve Bank of India showed on Friday, April 12. In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased by $549 million to $571.166 billion, the data released on Friday showed. India's reserve position with the IMF was also up by $9 million to $4.669 billion in the reporting week, showed RBI data.
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History of this topic
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