India’s Forex Reserves Hit Two-Month High of $640.48 Billion

India’s foreign exchange reserves ​​grew 4.7 billion dollars to a two-month high of 640.48 billion dollars as of February 21. As per the data released by the Reserve Bank of India, this growth was mainly driven by foreign



currency assets that increased by 4.2 billion dollars to 543.84 billion dollars. The central bank releases India’s forex reserves’ data every Friday, closely monitoring the economic indicator of foreign trade.​​​