New Delhi/IBNS: Since the 1991 shock, India’s steady accumulation of foreign reserves which stood at over USD 653 billion by June, comfortably surpassing the conventional thresholds for adequacy used by IMF and others, is set to act as a bulwark against any adverse geo-strategic and geo-economic factors like the Israel-Hamas and Russia-Ukraine conflicts.
India's forex reserve touches the highest level in 21 months
India's foreign exchange reserves rose from $2.759 billion to $623.20 billion in the week which ended on December 29.
India's foreign exchange reserves surge by $ 2.538 billion to $ 597.935 billion
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.