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Forex reserves soar by $3bn to $417.789bn
Foreign exchange reserves saw a USD three billion surge to USD 417.789 billion in the week to January 26, the Reserve Bank of India (RBI) stated.
New Delhi: Foreign exchange reserves saw a USD three billion surge to USD 417.789 billion in the week to January 26, the Reserve Bank of India (RBI) stated.
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The present rise, the RBI claimed, was attributable to the rise in foreign currency assets.
Over the past four-odd weeks, foreign exchange reserves have been rallying continuously, following a temporary dip in October.
Earlier, foreign exchange reserves registered a new high of USD 414.784 billion in the week to January 19.
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Meanwhile, the RBI said gold reserves remained unchanged at 20.421 billion dollars. (ANI)