Synopsis India’s foreign exchange reserves saw a significant rise of $6.1 billion. This increase occurred in the week ending July 24, reaching $682.3 billion. Inflows from the RBI’s FCNR(B) deposit scheme contributed to this growth. Gold reserves also experienced an increase of $1.3 billion. Despite dollar sales, reserves grew due to these incoming funds. Mumbai: India’s foreign exchange reserves increased by $6.1 billion to $682.3 billion in the week ended July 24, as inflows from the Reserve Bank of India’s FCNR(B) deposit scheme started to trickle in. Foreign currency assets increased by $4.8 billion to $555.9 billion in the previous…
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