India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14
India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year. The latest increase came as FCNR(B) scheme inflows started reflecting.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
