Forex reserves jump $5.16 bn to $657.16 bn as of July 5: RBI data

Quick Summary:

For the week ended July 5, foreign currency assets, a major component of the reserves, increased USD 4.228 billion to USD 577.11 billion, as per the the data released on Friday.

India's forex reserves jumped USD 5.158 billion to USD 657.155 billion during the week ended July 5, the Reserve Bank of India (RBI) said on Friday.

The forex kitty had declined for the previous two consecutive weeks, dropping USD 1.713 billion to USD 651.997 billion for the week ended June 28.

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Category: BusinessFinance

Markets: India

Topics: Forex RBI IMF Forex reserves Foreign currency assets Forex kitty

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 17:25:24 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21584525

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