India’s Foreign Exchange Reserves At All-Time High
By IAR Desk India’s forex reserves jumped to a new all-time high of $651.51 billion
Foreign exchange reserves
Surge in India’s foreign exchange reserves
The reserves had touched a life-time high of USD 487.23 billion in the week to March 6 after rising by USD 5.69 billion. During 2019-20, the foreign exchange reserves had risen by almost USD 62 billion.
India’s forex reserves touch record USD 461.16 billion
In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which rose by USD 3.013 billion to USD 427.949 billion, the data released by the Reserve Bank of India on Friday showed.