Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
Forex reserves
Covered by 4 sources
- Business Today IN·6d agoFCNR(B) deposits surge $65.4 billion, pushing India’s forex reserves to a record $729.33 billion
India’s foreign exchange reserves have climbed to a record $729.33 billion, helped by a sharp rise in FCNR(B) deposits under the RBI’s concessional swap facility. The reserve build-up gives the central bank greater firepower to manage rupee volatility, though economists warn…
Read at Business Today IN → - Economic Times·6d agoAt $729 billion, India's forex kitty a record
India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a specialized swap window. The foreign currency assets grew by $9.4 billion, while gold reserves also experienced a positive shift. The RBI's new…
Read at Economic Times → - Times of India Top·6d agoIndia's forex reserves hit all-time high of $729.33bn after $12.42bn jump
India's foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract…
Read at Times of India Top → - The Print Economy·6d agoForex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
Mumbai, Aug 28 (PTI) India’s forex reserves jumped USD 12.422 billion to a new all-time high of USD 729.328 billion during the week ended August 21, the RBI said on Friday. In the previous reporting week, the kitty had increased USD 9.905 billion to USD 716.907 billion. The…
Read at The Print Economy →