Forex buffer strengthens: India’s forex reserves rise $5.17 bn to $696.65 bn

India's foreign exchange reserves witnessed a substantial increase of $5.17 billion, reaching $696.65 billion for the week ending June 6, reversing the previous week's decline. This surge was fueled by gains in foreign currency assets and a significant rise in gold reserves. The robust reserve position is expected to bolster the RBI's efforts to stabilize the rupee amidst global volatility.

from Times of India https://ift.tt/kCSWdVQ