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India's Forex Reserves Reach Record High of Over $728 Billion
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India's foreign exchange reserves surged by over $4.88 billion to an all-time high of over $728.49 billion during the week ended on February 27. The value of gold reserves increased by over $4.14 billion to $131.63 billion.
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India's Forex Reserves Reach Record High of Over $728 Billion
India's foreign exchange reserves have reached a record high of over $728.49 billion, according to the Reserve Bank of India. The value of gold reserves increased by over $4.14 billion to $131.63 billion, while Foreign Currency Assets (FCA) surged by over $4.88 billion to $623.35 billion. The increase in foreign exchange reserves is a result of the country's growing trade surplus and foreign investment inflows.
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