Record Growth in India’s Foreign Exchange Reserves
India's foreign exchange reserves have shown a steady increase for the fourth week in a row. This marks a positive development in the country's financial stability. According to data released by the Reserve Bank of India (RBI), reserves rose by $6.596 billion, reaching a total of $665.396 billion for the week ending March 28, 2025. Previous Interventions Had Impacted Growth This sustained rise comes after a period of volatility. During that period, the RBI intervened in currency markets to stabilize the rupee. Earlier, the reserves were witnessing a downward trend due to market interventions and currency revaluation. However, the recent…
