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RBI's forex forward book swells to record $136.7 billion
The Reserve Bank of India reported that its foreign exchange forward position hit a new record in July, fueled by enticing measures that drew overseas deposits. This remarkable growth not only surpassed last months statistics but also eclipsed the previous peak from May, indicating a robust inflow of dollars into the nations financial system.
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theprint.in
India's forex reserves hit all-time high of $729.3 billion after RBI's steps to attract capital
Steps taken by RBI in early June hel avert what could have been an unprecedented third year of a deficit in India’s broadest measure of money flowing in and out of the economy.
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gulfnews.com
India’s forex reserves hit record $729.3 billion on strong dollar inflows
India’s foreign exchange reserves surge to an all-time high of $729.3 billion, driven by robust overseas deposits and giving RBI more room to support the rupee.
