India's forex reserves rise by $4.55 billion to $690.61...

India's forex reserves rise by $4.55 billion to $690.61 billion this week on surge in gold holdings

Posted

148

India's foreign exchange reserves experienced a notable increase of $4.553 billion, reaching $690.617 billion for the week ending May 9, driven by a substantial surge in gold assets. Foreign currency assets saw a slight rise, while gold reserves significantly boosted the overall increase. However, Special Drawing Rights and the reserve position with the IMF witnessed declines during the reporting week.

Read Full Article

Please log in to like, share and comment!