Forex reserves jump $591 mn to $616.7 bn

Mumbai, February 2 India’s forex reserves increased USD 591 million to USD 616.733 billion for the week ending January 26, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped USD 2.795 billion to USD...

PTI

Updated At : 02:09 PM Feb 03, 2024 IST

Mumbai, February 2

India’s forex reserves increased USD 591 million to USD 616.733 billion for the week ending January 26, the RBI said on Friday.

In the previous reporting week, the overall reserves had dropped USD 2.795 billion to USD 616.143 billion. The country’s forex kitty had reached an all-time high of USD 645 billion in October 2021. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.

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Mumbai RBI