India’s forex kitty jumps $5.2 billion to a fresh high of $689 billion

September 14, 2024

India’s foreign exchange reserves reached a new high of $689.235 billion at the end of September 6, according to the Reserve Bank of India. This marks the fourth consecutive weekly increase, with reserves rising by $5.248 billion in the last week alone. The rise is attributed to healthy dollar inflows and appreciation in other global currencies.

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