BusinessQuiet 76d · day 78
India's forex reserves hit record $729.33 billion
Foreign exchange holdings surge to all-time high after eight consecutive weeks of gains.
What to know
- India's forex reserves hit a record $729.33 billion on August 28, with a $12.42 billion weekly jump.
- Eight consecutive weeks of gains driven by foreign currency assets, gold holdings, and sustained capital inflows.
- Reserve Bank of India interventions and government measures to attract overseas dollar flows supported the accumulation.
Reserve Bank of India Central bankIndia (Government) Sovereign state
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