Indian Forex reserves soar to $137.5 bn
Forex reserves soar to $137.5 bn
India's foreign exchange reserves continued to surge ahead for the third week in a row.
For the week ending March 4, foreign exchange reserves increased $1.9 billion to touch the $137.55 billion mark, according to the Reserve Bank of India's weekly statistical supplement.
The inflows are mainly due to increased inflows from FIIs, intervention by the central bank in the forex market and revaluation of foreign currencies.
India's foreign exchange reserves continued to surge ahead for the third week in a row.
For the week ending March 4, foreign exchange reserves increased $1.9 billion to touch the $137.55 billion mark, according to the Reserve Bank of India's weekly statistical supplement.
The inflows are mainly due to increased inflows from FIIs, intervention by the central bank in the forex market and revaluation of foreign currencies.
posted by India News Watch at 9:11 AM
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