💨 Abstract

India's foreign exchange reserves increased by USD 5.574 billion to USD 629.557 billion in the week ended January 24, according to the Reserve Bank of India. The increase was mainly due to an increase in foreign currency assets and gold reserves. The reserves have been on a declining trend for the past few weeks but had reached an all-time high of USD 704.885 billion in end-September.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖