Foreign exchange reserves bounce to 2-year excessive of $636 billion

MUMBAI: The nation’s international trade reserves rose for a 3rd straight week and reached a greater than two-year excessive of $636.1 billion as of March 8, information from the central financial institution confirmed on Friday. The reserves jumped by $10.5 billion within the reporting week, the most important bounce for the reason that week ended July 14, 2023. They’d risen by a complete of $9.5 billion within the prior two weeks, edging in the direction of their document excessive of $642.5 billion, hit in Sept 2021.RBI intervenes within the foreign exchange market to curb extra volatility. reuters

#Foreign exchange #reserves #bounce #2year #excessive #billion

Leave a Reply