Forex watch: India’s reserves jump $5.54 bn; gold vaults total kitty to $692.57 bn
India’s foreign exchange reserves saw a significant jump of over five billion dollars. This surge, ending November 14, pushed total reserves to nearly 700 billion dollars. The Reserve Bank of India reported that increased gold valuations were the primary driver. Foreign currency assets also saw a modest rise. This marks a strong recovery after a decline in the previous week.🕒 1 min read
India’s foreign exchange reserves saw a significant jump of over five billion dollars. This surge, ending November 14, pushed total reserves to nearly 700 billion dollars. The Reserve Bank of India reported that increased gold valuations were the primary driver. Foreign currency assets also saw a modest rise. This marks a strong recovery after a decline in the previous week.
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