Forex Reserves Surge to $655.8 Billion, Boosted by Rising Gold and Foreign Assets

24.06.17 News

India’s forex reserves reached a record high of $655.8 billion on June 7, with a $4.307 billion increase from the previous week. This growth includes a rise in gold reserves to $57 billion and foreign currency assets to $576.3 billion. Special Drawing Rights (SDRs) also increased to $18.2 billion. The reserves, crucial for economic stability, have seen significant growth recently.

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