PTI Wire: India’s Forex Reserves Now at USD 689.45 Billion – A Historic Rise
Friday, 20 September 2024, 08:47
Significant Growth in Forex Reserves
According to PTI Wire, India’s forex reserves have reached a new historical high of USD 689.45 billion, up by USD 223 million for the week ending September 13. This remarkable increase suggests a strengthening of India's financial position and positive outlook in turbulent global conditions.
Factors Contributing to the Rise
- Strong Capital Inflows
- Stable Economic Policies
- Positive Current Account Balances
The Reserve Bank of India (RBI) reported these figures, highlighting the sustainability of growth in India's foreign exchange reserves.
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.