India’s Forex Reserves at New High Of $ 648 Billion

(20 second reading) India’s forex reserves jumped by USD 2.98 billion to a fresh peak of USD 648.562 billion for the week ended April 5, the RBI said on Friday.
In the previous reporting week, the forex kitty had increased by USD 2.951 billion to USD 645.583 billion, which was an all-time high.
In September 2021, the country’s forex kitty reached an all-time high of USD 642.453 billion, a level that was breached in March this year. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased by USD 549 million to USD 571.166 billion, the data released on Friday showed.