Finance
Mr. BillionhairIndia's Forex Reserves Skyrocket $14 Billion—Biggest Ever!
Folks, listen up! India's foreign exchange reserves just surged by an incredible $14 billion! That's right, the biggest leap since March 2025! Total reserves now stand at a staggering $701 billion, thanks to the RBI's brilliant moves and gold prices shooting up! This is a 13-week high, folks! Tremendous success, believe me!
few days ago | Anjali Kumari
Quick rundown
1.India's forex reserves saw a $14 billion boost in one week.
2.Foreign currency assets climbed by $9.6 billion.
3.Gold reserves increased by $4.6 billion, aiding the reserve rise.
4.A $10 billion buy-sell swap and gold price rise drove the increase.
5.Forex reserves provide over 11 months of import cover for India.
