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India's forex reserves jump USD 12.42 billion in a week to USD 729.33 billion: RBI

India's forex reserves jump USD 12.42 billion in a week to USD 729.33 billion: RBI

India's foreign exchange reserves rose sharply by USD 12.42 billion in the week ended August 21, reaching USD 729.33 billion, according to the latest data released by the Reserve Bank of India (RBI). The surge was driven primarily by a rise in foreign currency assets, while the country's gold reserves also recorded a strong weekly gain.

India's foreign exchange reserves rose sharply by USD 12.42 billion in the week ended August 21, reaching USD 729.33 billion, according to the latest data released by the Reserve Bank of India (RBI). The surge was driven primarily by a rise in foreign currency assets, while the country's gold reserves also recorded a strong weekly gain.
Read original at The Tribune