India's forex reserves jump $4 billion to record high of $670.857 billion: RBI

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Times of India 1d ago

India's forex reserves jump $4 billion to record high of $670.857 billion: RBI - Times of India

Quick Summary:

India's foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week ending on July 19, according to the Reserve Bank of India (RBI) on Friday.

This rise follows an earlier jump of $9.699 billion, bringing the reserves to an all-time high of $666.854 billion for the week concluding on July 12.

However , the India's reserve position with the IMF were unchanged at $4.610 billion in the reporting week, the RBI data revealed.