ndia’s foreign exchange reserves jumped by $12.6 billion to cross $700 billion for the first time after reporting a steady climb for seven straight weeks, according to the Reserve Bank (RBI). The overall kitty swelled by $2.838 billion to touch $692.296 billion during the previous week. India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland. Foreign currency assets increased by $10.46 billion during the period due to revaluation gains and spot market dollar purchases by the RBI. Gold reserves increased by $2.18 billion. (ICE NEW DELHI)

Fonte notizia: The Business Standard