Fuelled by rising currency assets, forex reserves race past $600 bn

fuelled by rising currency assets forex reserves race past 600 bn

Sumary of Fuelled by rising currency assets, forex reserves race past $600 bn:

  • The country foreign exchange reserves crossed the $600 billion mark for the first time after increasing by $6.842 billion in the week ended June 4, RBI data showed on Friday..
  • The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI)….

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