India’s foreign exchange reserves have reached a 20-month high of $615.97 billion as of December 15, marking the fifth consecutive weekly increase. The surge is attributed to significant inflows into Indian debt and equity markets, with the forex reserves growing by $9.1 billion in the reported week. This increase follows a trend of rising reserves over the past several weeks and is considered the second-highest weekly surge in the ongoing financial year. The strengthening of the Indian rupee against the US dollar has also contributed to the growth in reserves.
India’s Forex Reserves Hit Over 20-Month High at $615.97 Billion
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