India's forex reserves climb past $700 billion on robust inflows
MUMBAI: India’s foreign exchange reserves rose to a four-month high of $707 billion as of August 7, bolstered by robust inflows under policy measures to strengthen India’s balance of payments. The reserves jumped $14.1 billion week-on-week, the largest rise since January, the Reserve Bank of India said on Friday. The rise was led by a $9.9 billion weekly gain in the central bank’s foreign…
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