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India's foreign exchange reserves rose USD 4.5 bn to reach USD 674.7 bn
The Business Guardian
|August 24, 2024
India's foreign exchange reserves increased by USD 4.546 billion, reaching USD 674.664 billion, just below their all-time high, during the week ending August 16, according to data released by the Reserve Bank of India (RBI) on Friday.
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The previous record high was USD 674.919 billion.
The reserves have been fluctuating for some time. In 2024 alone, they have risen by approximately USD 4550 billion cumulatively. This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
Dit verhaal komt uit de August 24, 2024-editie van The Business Guardian.
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