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Forex kitty surges for fourth week as RBI adds $6.6 billion
The New Indian Express Tirunelveli
|April 05, 2025
THE foreign exchange reserves continue to gain, adding $6.596 billion to a five-month high of $665.4 billion in the week to March 28, according to the latest data from the central bank.
In the previous three weeks, the RBI cumulatively added $20.1 billion. According to the government, this can cover 11 months of imports and makes the country's reserves the fourth largest in the world after China, which has over $3.3 trillion in its reserves, followed by Japan with $1.23 trillion, and the tiny Switzerland at the third place with $927 billion, which is 1.5 times of our forex reserve.
The reserves rose $6.56 billion to $665.4 billion as of March 28, the Reserve Bank said on Friday. This marks the highest level in nearly five months.
Bu hikaye The New Indian Express Tirunelveli dergisinin April 05, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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