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India’s foreign exchange reserves crossed USD 700 billion first time

Category : Business and economics
Published on: October 07 2024 Share on facebook

  • India's foreign exchange reserves crossed the USD 700 billion mark for the first time, reaching USD 704.885 billion as of September 27, 2024, according to the Reserve Bank of India (RBI).
  • The reserves surged by USD 12.588 billion in just one week, serving as a critical buffer to shield India's economy from global financial uncertainties and shocks.
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