India's Forex Reserves Rise To $690 Billion With Major Addition In Gold Holdings

Big jump of $ 4.55 billion in India's foreign exchange reserves

There has been a strong jump in India’s foreign exchange reserves. In the week ended May 9, the country’s foreign exchange reserves reached $ 690.62 billion with a huge increase of $ 4.55 billion. This increase in currency reserves has come mainly due to the increase in gold reserves. The Reserve Bank of India (RBI) gave this information on Friday. Let us tell you that earlier, in the week ended May 2, the country’s total foreign exchange reserv…

India’s forex reserves surge by $4.5 bn to cross $690.6 bn mark - Get Latest National & International News Updates

Mumbai, May 16 : India’s foreign exchange reserves surged by $4.5 billion to $690.62 billion for the week ended May 9, RBI data released on Friday showed. Foreign currency assets, a major component of the reserves, increased by $196 million to $581.37 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserve…

Indias Forex Reserves Surge By $4.5 Bn To Cross $690.6 Bn Mark

An increase in the foreign exchange reserves reflects strong fundamentals of the economy and gives the RBI more headroom to stabilise the rupee when …

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India’s forex reserves surge by $4.5 billion to cross $690.6 billion mark - The Press United | International News Analysis, Viewpoint

India’s foreign exchange reserves jumped by $4.5 billion to reach $690.62 billion for the week ended May 9, according to data released by the Reserve Bank of India (RBI) on Friday.   Foreign currency assets, the largest component of the reserves, rose by $196 million to $581.37 billion. These assets, expressed in US dollar terms, reflect the impact of appreciation…

Indias Foreign exchange Reserves Surge By $4.5 Bn To Cross $690.6 Bn Mark

New Delhi: India’s overseas alternate reserves surged by $4.5 billion to $690.62 billion for the week ended Might 9, RBI information launched on Friday confirmed. International foreign money belongings, a serious element of the reserves, elevated by $196 million to $581.37 billion. Expressed in greenback phrases, the overseas foreign money belongings embody the impact of appreciation or depreciation of non-US items just like the euro, pound, and…