India’s foreign exchange reserves jump to $698.27 billion, adds $4 billion in September – Economy News
India’s forex reserves jumped USD 4.038 billion to USD 698.268 billion during the week ended September 5 on the back...
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India’s forex reserves rise by $305 million to $654.27 billion – Economy News
India’s foreign exchange (forex) reserves rose by $305 million to $654.271 billion for the week ending March 14, according to data released by the Reserve Bank of India (RBI) on Friday. This comes after a sharp increase of $15.267 billion in the previous week, marking the highest weekly surge in two years. The recent growth in reserves follows a period of decline due to forex market interventions and revaluation effects aimed at stabilizing the rupee. The RBI’s $10 billion forex swap played a significant role in the previous week’s spike....