September 15 (ANI): India’s foreign exchange reserves have been rising for months now, hitting several all-time highs. The forex kitty increased by USD 66 billion so far this year and is currently at USD 689.235 billion.
This buffer of foreign exchange reserves helps insulate domestic economic activity from global shocks.
According to the latest data from the RBI released this week, India’s foreign currency assets (FCA), the largest component of forex reserves, were at USD 604,144 points.
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