Indian Economy

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Indian Economy - Understanding the basics of Indian economic system

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09-Dec-23

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India’s Forex Reserves Surpass $600 Billion Mark After Four-Month Interval

India's foreign exchange reserves increased to USD 604 billion as on December 1, surpassing the USD 600 billion mark after a gap of about four months.

The reserves were USD 597.935 billion in the preceding week ended November 24.
The forex reserves were last above the USD 600 billion mark on August 11 this year.
In October 2021, the country's foreign exchange kitty had reached an all-time high of USD 642 billion.
The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year.

By: Brijesh Kumar

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