India's Forex Reserves Soar by $9.9 Billion to $716.90 Billion as on August 14
Foreign currency assets and gold drove the increase, while reserves rose back above $700 billion and remained about $11.6 billion below February's peak.
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India's foreign exchange reserves up almost $50 billion since July
India's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantly contributed to this overall increase. Banks received substantial funds through special deposit schemes and borrowing measures.
India's forex reserve jumps $9.9 billion to $716.9 billion, nearing February's record high level
India's forex reserves surged USD 9.905 billion to USD 716.907 billion in the week ended August 14, RBI data showed. Foreign currency assets and gold reserves rose sharply as India's forex kitty moved closer to its record high.
India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year. The latest increase came as FCNR(B) scheme inflows started reflecting.
India’s forex reserves climb to six-month high as inflows strengthen
India’s foreign exchange reserves jumped by almost $10 billion to a six-month high of $716.9 billion for the week ending Aug 14, helped by sustained dollar inflows amid efforts by the Reserve Bank of India to bolster the country’s external finances, Reuters reports The reserves increased by $9.9 billion from the previous week, with foreign currency assets rising $7.2 billion and the value of gold holdings increasing by $2.7 billion, data relea…
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