India’s forex reserves rise by $2.29 billion to $698.95 billion
India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion for the week ended June 13, the Reserve Bank of India (RBI) said on Friday, marking the second consecutive weekly increase.This follows a $5.17 billion jump in the previous week ended June 6. The country’s forex reserves had hit a record high of $704.885 billion in late September 2024.
The latest increase was driven primarily by a rise in foreign currency assets, which grew by $1.739 billion to $589.426 billion. These assets include the effects of changes in the...