With increased reserves, India is better positioned to manage currency volatility and maintain economic stability amidst global uncertainties. This growth in reserves also reflects the success of India's economic policies and reforms aimed at attracting foreign investments and boosting exports.
It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
Mumbai: India's foreign exchange (forex) reserves decreased by $192.8 million to $295.51 billion for the week ended Dec 13, Reserve Bank of India (RBI) data showed.The reserves had soared by $4.40 billion to $295.70 billion
Mumbai: India's foreign exchange (forex) reserves rose by $819.5 million to $282.11 billion for the week ended Nov 8, helped by a sharp increase in foreign currency assets, the Reserve Bank of India (RBI) data
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