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RBI Says India’s Foreign Exchange Reserves Hit All-Time High

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The last time the nation’s foreign exchange reserves reached an all-time high was in October 2021.

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Breaking News LIVE, March 29, 2024: The Reserve Bank of India (RBI) has released new data showing that in the week ending on March 22, India’s foreign exchange reserves increased for the fifth consecutive week, reaching a new all-time high of USD 642.631 billion. The last time the nation’s foreign exchange reserves reached an all-time high was in October 2021. An increase in the price of imported goods in 2022 could be the primary cause of the subsequent decline.

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