India’s foreign exchange reserves log fastest pace of growth since August 2021 after rising by a whopping $14.72 billion
Digitally Generated Image. SEE more in my lightbox "Money, Finance and Credit Crisis":
India’s foreign exchange stockpile recorded the biggest ever weekly increase in the period ended November 11, with a record $14.7-billion surge reflecting the impact of an estimated $8 billion worth of recent overseas currency purchases by the central bank amid rising global appetite for local growth assets.
The reserves had climbed $16.7 billion in the week ended August 27, 2021, but those additions included $12.6 billion worth of one-time Covid restructuring support from the Internati ..
Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/indias-foreign-exchange-reserves-jumps-by-a-whopping-14-72-billion/articleshow/95605475.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
