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India's forex reserves hit 7-month high of $690.6 billion
Galaxy News
|20-05-2025
India's foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed.
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The previous all-time high was at USD 704.89 billion in September 2024.
After extending gains for the eighth straight week, forex kitty fell the next week, to again rise in the May 9 ending week. Barring the latest jump, forex reserves had slumped for about four months since 2021.
Estimates suggest that India's foreign exchange reserves are sufficient to cover approximately 10-12 months of projected imports.
Diese Geschichte stammt aus der 20-05-2025-Ausgabe von Galaxy News.
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