India’s forex reserves rise .5 billion to 4.2 billion in latest week, supported by foreign currency assets, gold

India’s forex reserves rise $3.5 billion to $694.2 billion in latest week, supported by foreign currency assets, gold

India’s foreign exchange reserves rose by USD 3.5 billion in the week that ended August 29 to USD 694.230 billion, driven largely by a rise in foreign currency assets and gold, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement’. The country’s forex kitty is hovering close to its all-time high…

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