India’s forex reserves surge to record $392.86 billion
![The surge in India’s forex reserves was driven by rise in foreign currency assets (FCAs). Photo: Reuters](https://www.indoamerican-news.com/wp-content/uploads/2017/08/dolar-U205727705950E-621x414@LiveMint-300x200.jpg)
The surge in India’s forex reserves was driven by rise in foreign currency assets (FCAs). Photo: Reuters
MUMBAI: India’s foreign exchange reserves, or forex reserves, surged by $1.536 billion to touch a new record of $392.867 billion during the week to 28 July, data released by the Reserve Bank of India (RBI) showed.
In the previous week, forex reserves had increased by $2.27 billion to $391.33 billion.
Credit: livemint.com