Economic TimesLean R·
Forex reserves hit new record of $740.80 bn
India's foreign exchange reserves increased by $11.47 billion to $740.80 billion in the week ended August 28, according to data released by the Reserve Bank of India (RBI) on Friday.The latest record comes after India's forex reserves surged by $12.422 billion to $729.328 billion in the previous week ended August 21.The RBI continues to keep a close watch on developments in the foreign exchange market and steps in whenever required to maintain orderly market conditions, while refraining from ta…
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