INDIA’S FOREX RESERVES EXPANDS $10 BILLION TO $636 BILLION | PAKISTANI PUBLIC REACTION ON INDIA 🇮🇳
India’s forex reserves jump to over two-year high of $636.1 bn
(India’s foreign exchange reserves jumped by $10.47 billion to $636.1 billion for the week ending on March 8, latest data by the Reserve Bank of India (RBI) showed on Friday. This is the biggest surge since the week ended July 14, 2023. Previously, forex reserves expanded by $6.55 billion to $625.63 billion for the week ended on March 1, 2024.
According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $8.12 billion to $562.35 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves)
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