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Forex reserves climb to over 3-month high
Business Standard
|March 22, 2025
The country's foreign exchange reserves rose by $300 million to a more than three-month high of $654.27 billion as of March 14, data released by the Reserve Bank of India (RBI) on Friday showed.
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They had risen by $15.3 billion in the prior week, the biggest jump since August 2021.
Changes in foreign currency assets are caused by the central bank's intervention in the forex market as well as the appreciation or depreciation of foreign assets held in the reserves.
Dit verhaal komt uit de March 22, 2025-editie van Business Standard.
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