India’s forex reserves hit a record $729.33 billion after a $12.42-billion weekly jump
- India’s forex reserves rose by $12.42 billion in a week to a record $729.33 billion as of August 21.
- Foreign currency assets rose by $9.48 billion to $591.33 billion, driving most of the weekly increase.
- Gold reserves also increased by $2.8 billion to $114.22 billion during the week.
- The surge came amid measures to boost forex inflows, including concessional swap facilities for FCNRB deposits, which attracted about $72 billion so far.
Source: economictimes.indiatimes.com
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