India’s Forex reserves rise to lifetime high of $608 billion

The country’s foreign exchange reserves surged by USD 3.074 billion to reach a record high of USD 608.081 billion in the week ended June 11, the latest data from the Reserve Bank of India (RBI) showed on Friday. The reserves had increased by USD 6.842 billion to USD 605.008 billion in the previous week ended June…

Forex reserves cross USD 600 billion mark for first time

The country’s foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), a…