India's Forex Reserves Reach Record High of $642.63 Billion

Sunday, 31 March 2024, 04:00

India's foreign exchange reserves have surged to an all-time high of $642.63 billion. This growth is fueled by a rise in gold reserves to $51.487 billion, although special drawing rights (SDRs) saw a decline to $18.219 billion. The country's forex reserves hit a significant milestone, indicating a robust position in global markets.
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India's Forex Reserves Reach Record High of $642.63 Billion

India's Forex Reserves Update:

India's foreign exchange reserves have witnessed a remarkable surge, reaching a record high of $642.63 billion. This increase is attributed to a rise in gold reserves to $51.487 billion. However, special drawing rights (SDRs) experienced a decrease to $18.219 billion. This achievement marks a significant milestone in India's economic landscape.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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