Foreign exchange reserves rise, bank credit growth slows
India’s foreign exchange reserves stood at ₹55.53 lakh crore ($640.48 billion) as of February 21, registering an increase of ₹33,918 […]
forex reserves
India’s Forex Reserves Decline by $2.54 Billion, Gold Reserves Rise
Despite the overall decline, gold reserves saw a notable increase of $1.94 billion, reaching $74.15 billion.
India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion
India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.
The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.