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#indian foreign exchange reserves

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India's forex reserves hit record high of $657.2 bn

India's foreign exchange reserves have surged to a lifetime high of $657.2 billion, as per data released by the Reserve Bank of India (RBI) on Friday. This marks a significant increase of $5.16 billion during the week ending July 5. The jump in reserves follows a brief contraction of $1.71 billion the previous week, bringing the total to $652 billion by June 28. The current surge indicates a resumption of the upward trend seen in preceding weeks.

News Arena Network Jul 12 2024

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