India's forex reserves rise to $658.09 billion ending consecutive weeks of decline
India's forex reserves rebounded by $1.51 billion to $658.09 billion in the week ending November 29, snapping an eight-week decline. This rise, the first in nine weeks, comes after reserves hit five-month lows. While foreign currency assets grew, gold reserves dipped. The increase is attributed to RBI intervention aimed at stabilizing the rupee amidst recent pressures and volatility.
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India's forex reserves rebounded by $1.51 billion to $658.09 billion in the week ending November 29, snapping an eight-week decline. This rise, the first in nine weeks, comes after reserves hit five-month lows. While foreign currency assets grew, gold reserves dipped. The increase is attributed to RBI intervention aimed at stabilizing the rupee amidst recent pressures and volatility. 
