India's Foreign Exchange Reserves Reach Record High Amid Strong Growth in Foreign Currency Assets
Friday, 12 July 2024, 11:34
India's Forex Reserves Update
India's foreign exchange reserves have surged to an all-time high, reaching $657.16 billion.
Key Highlights:
- Record High: India's forex reserves hit $657.16 billion, marking a significant increase.
- Strong Growth in FCAs: Foreign Currency Assets grew by $42.29 billion to $577.11 billion.
- Currency Holdings: FCAs include investments in major currencies like euro, pound, and yen.
This achievement signifies India's robust economic stability and solidifies its position in the global financial domain.
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.