PTI Wire: India’s Forex Reserves Surge to Record High of USD 681.69 Billion
Friday, 30 August 2024, 05:16
Forex Reserves Surge Significantly
India’s forex reserves have great news as they jumped by USD 7.023 billion to a historic high of USD 681.688 billion during the week ending August 23. This impressive growth, shared by the Reserve Bank of India (RBI) on Friday, indicates a healthy economic environment that could potentially attract more foreign investments.
Breakdown of Forex Reserves
- Total reserves increased by USD 7.023 billion
- Previous week’s reserves grew by USD 4.546 billion
- This positive trend is expected to empower market stability
Such substantial forex reserves strengthen the country's ability to manage external shocks and support the Indian rupee.
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.