India’s forex reserves up to record $545.038 bn:

cash

The country’s foreign exchange reserves increased by $3.378 billion to touch a lifetime high of $545.038 billion in the week ended September 18, RBI data showed. In the previous week ended September 11, the reserves had declined by $353 million to $541.660 billion.

During the reporting week, the forex kitty rose mainly due to an increase in foreign currency assets (FCA), a major component of the overall reserves. FCAs swelled by $3.943 billion to $501.464 billion in the reporting week, the central bank data showed.

News Source:- Moneycontrol

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