Economic TimesLean R·
Forex reserves soar by $9.9 bn to $716.90 bn
India's foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of India showed on Friday.The foreign exchange reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year.The increase came as inflows from the Reserve Bank of India's FCNR(B) deposit scheme began to reflect in the country's foreign exchange reserves.Foreign currency assets, the larges…
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