India’s foreign exchange reserves reached a record high of $689.458 billion for the week ending September 13, increasing by $223 million. Despite this overall rise, foreign currency assets decreased by $515 million. Gold reserves increased significantly by $899 million, while SDRs and India’s IMF reserve position experienced slight declines.
Related Posts
Hyundai aims to raise up to $3.3 billion in record India IPO
Hyundai Motor Co aims to raise up to $3.3 billion through an IPO of its Indian subsidiary, setting a record in the country. The IPO […]
Zepto hits $5 billion valuation in latest big India commerce bet
Indian online grocer Zepto’s valuation has risen to $5 billion after a funding round led by General Catalyst Partners, with new investors Dragon Fund and […]
Bank credit and deposit growth tumbles down in third quarter of FY25: RBI
- staff
- February 21, 2025
- 0
Bank credit and deposit growth in India slowed in the October-December quarter of 2024. Notably, personal loans and credit to key sectors saw a decline, […]