India’s foreign exchange reserves hit life-time high

  • India’s foreign exchange reserves hit life-time high
08-04-2018 | Pratidin Bureau. |

The Reserve Bank of India on April 06 informed that the foreign exchange reserves of India hit a life-time high of 424.361 billion US dollars after rising by 1.828 billion dollars in the week till March 30.

In the previous week, the reserves had increased by 1.197 billion dollars to reach a value of 422.532 billion dollars.

Earlier, the reserves had touched a record high of 421.914 billion dollars on February 09 this year. It may be mentioned that the reserves had crossed the 400 billion mark on September 08, 2017, but has been fluctuating since then.

Gold reserves have remained unchanged at 21.614 billion US dollars, the apex bank informed.

Source: AIR

Tags : India Foreign Exchange Reserves

Leave a reply.