At $729 billion, India's forex kitty a record
India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a specialized swap window.
The foreign currency assets grew by $9.4 billion, while gold reserves also experienced a positive shift.
The RBI's new facility has helped gather $72.85 billion in inflows since its June launch, resulting in a total growth of $48 billion in reserves attributed to this initiative.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
