India’s forex reserves up $4.84 billion to $702.78 billion; highest since Sept 2024 peak
India’s foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4.In the previous week, reserves had declined by $1.01 billion to $697.93 billion.
The reserves remain just below the record high of $704.89 billion reached in late September 2024. Foreign currency assets, the largest component of the forex reserves, reflect the impact of movements in non-US currencies such as the euro, pound and yen, the RBI said.Gold reserves fell by $1.23 billion to...