Source: The Economic Times, Oct 04, 2019
MUMBAI: The foreign exchange reserves touched a record high of USD 434.6 billion as on October 1.
While announcing fourth bi-monthly monetary policy, the RBI Governor Shaktikanta Das said as of October 1 the forex kitty peaked to the record high. Between April and October 1, the country’s forex reserves had increased by USD 21.7 billion.
According to the latest weekly data, the reserves surged by massive USD 5.022 billion to USD 433.594 billion for the week to September 27.
In the previous week, the reserves had declined by USD 388 million to USD 428.572 billion. Read the rest of this entry »