India’s foreign exchange reserves soared to a new peak of $642.631 billion, marking the fifth consecutive week of growth. The Reserve Bank of India (RBI) attributed this increase to various factors, including a rise in gold reserves. Despite global pressures, India’s reserves have strengthened, reaching unprecedented levels. While foreign currency assets experienced a slight decline, gold reserves saw a significant boost. This milestone underscores India’s economic resilience and global standing, providing stability amidst uncertainties
India’s Foreign Reserves Surge to Record High
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