Published on Sep 10, 2024
Current Affairs
New record of Forex 2024
New record of Forex 2024

❖ India's foreign exchange reserves rose $2.3 billion in the week ending August 30 to a new record high of $683.99 billion.

❖ This is the third consecutive weekly rise of forex reserves backed by healthy dollar inflows.

❖ In the past three weeks, reserves rose by 13.9 billion.

❖ In 2024 alone, they have risen by over $60 billion cumulatively.

❖ The Gold reserves during the week increased by $862 million, bringing the total to $61.859 billion.