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India's Forex Reserves Swell By $5.27 Billion To Record High Of $598.16 Billion; Liquidity May Further Drive Stock Markets


India’s Forex Reserves Swell By $5.27 Billion To Record High Of $598.16 Billion; Liquidity May Further Drive Stock Markets
by Swarajya Staff - Jun 6, 2021 04:33 AM
RBI Governor Shaktikanta Das.
India’s foreign exchange reserves jumped up by around 5.271 billion dollars to touch a record high of 598.165 billion dollars during the week ending 28 May, the data from RBI showed.
According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the reserves rose from the previous week s $592.894 billion to $598.165 billion this week.
Announcing the second bi-monthly monetary policy review earlier on Friday, RBI Governor Shaktikanta Das had stated that the country s forex reserves may have crossed $600 billion currently, reported ....

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