India’s foreign trade policy has reached a milestone in 2024, with the country’s foreign exchange (forex) reserves achieving a record high of $692.3 billion as of September 20. This growth reflects India’s strategic economic management and robust market interventions by the Reserve Bank of India (RBI). Steady Increase in Forex Reserves India’s forex reserves have risen for six consecutive weeks, with a recent increase of $2.84 billion in the week ending September 20. This brings the total gain over the past five weeks to $19.3 billion. The bulk of these…
India’s Forex Reserves Hit Record $692.3 Billion as Rupee Strengthens in 2024
