Forex Reserves climbs to an all-time high of $689.24 billion

India's foreign exchange reserves have climbed to a record USD 689.235 billion, increasing by USD 66 billion this year. The Reserve Bank of India oversees these reserves to ensure market stability and curb rupee depreciation, leading to reduced currency volatility and greater investor confidence in Indian assets.

Sep 15, 2024 - 17:00

Forex Reserves climbs to an all-time high of $689.24 billion

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India's foreign exchange reserves have climbed to a record USD 689.235 billion, increasing by USD 66 billion this year. The Reserve Bank of India oversees these reserves to ensure market stability and curb rupee depreciation, leading to reduced currency volatility and greater investor confidence in Indian assets.