India’s Forex Reserves Touch New All-Time High Of 655.817 Billion US Dollars

India’s forex reserves jumped 4.307 billion US Dollars to a new all-time high of 655.817 billion Dollars for the week ended June 7. The kitty had jumped 4.837 billion dollars to 651.51 billion dollars in the previous reporting week.

 

The previous high for the kitty was 648.87 billion



dollars on May 10. In the past few weeks, the reserves have witnessed handsome jumps.

 

For the week ended June 7, foreign currency assets, a major component of the reserves, increased by 3.773 billion dollars to 576.337 billion dollars.