Forex watch: Forex reserves jump $4.84 billion to $702.78 billion,...

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Forex watch: Forex reserves jump $4.84 billion to $702.78 billion, overall kitty inches closer to all-time high

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India's foreign exchange reserves experienced a significant increase of $4.84 billion, reaching $702.78 billion for the week ending June 27, according to RBI data. This surge brings the reserves closer to the record peak observed in late September 2024. While gold reserves saw a decrease, the country's SDRs and reserve position with the IMF both improved during the reporting week.

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