Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

Daily Current Affairs   /   Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

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Category : National Published on: February 13 2024

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  • India's foreign exchange reserves rose for a second straight week to a one-month high of $622.47 billion as of Feb. 2, data from the central bank showed.
  • The reserves rose by $5.74 billion in the reporting week, the biggest rise in nearly two months. Reserves had risen by $590 million in the prior week.
  • The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee.
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