Business News
Home > Business News
India's forex reserves rise to 4-month high of $606.9bn
TIWN
TIWN
PHOTO : TIWN
Mumbai, Dec 15 : India's foreign exchange reserves rose by $2.816 billion to hit a four-month high of $606.859 billion during the week ended December 8, according to RBI data released on Friday.
The increase comes on the back of a $6.107 billion jump in the preceding week to $604.042 billion. This was the highest gain since the week concluding on July 14.
An increase in the foreign exchange reserves is good news as it helps the RBI to stabilise the rupee.
Add your Comment
Comments (0)
More Business News
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses
- India on the cusp of becoming a global tech powerhouse: Industry leaders
- Air India Express row: 85 flights cancelled as cabin crew members continue strike