December 4, 2022

Foreign exchange reserves leap $14.721 billion to $544.715 billion

Forex reserves jump 14721 billion to 544715 billion

Forex reserves jump 14721 billion to 544715 billion

India’s international trade reserves noticed the only largest weekly accretion in current instances, with the reserves skyrocketing by a whopping $14.721 billion within the week ended November 11, 2022, to face at $544.715 billion.

Specialists say the RBI would have purchased {dollars} in the course of the reporting week because the greenback weakened on expectations the US Fed would mood charge hikes because of the decline in October shopper costs.

Illustratively, between October 27 and November 11, the rupee appreciated by 2.2 per…

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