India’s foreign exchange reserves hit report excessive of $648.7 billion

India’s foreign exchange reserves jumped $4.549 billion to a brand new all-time excessive of $648.7 billion for the week ended Might 17, in keeping with knowledge launched by the Reserve Financial institution of India.  “Regardless of constructing reserves, RBI has curbed the Rupee’s fall, indicating its discomfort with a weaker forex amidst the inflationary strain. Thus … Read more