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Friday, January 23, 2015

India's foreign exchange reserves touched a new lifetime high Jan 16,2015

After a gap of four years, India's foreign exchange reserves touched a new lifetime high at USD 322.135 billion for the week ended January 16, driven by higher inflows and lower outgo of forex on account of a big slump in global crude prices.
The reserves jumped by USD 2.66 billion to reach USD 322.135 billion during the week, the Reserve Bank data showed today.
The forex kitty for the first time had crossed USD 320 -billion mark (USD 320.79 billion) for the week ended September 2, 2011.

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