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Forex buffer strengthens: India’s forex reserves rise $5.17 bn to $696.65 bn

India's foreign exchange reserves witnessed a substantial increase of $5.17 billion, reaching $696.65 billion for the week ending June 6, reversing the previous week's decline. This surge was fueled by gains in foreign currency assets and a significant rise in gold reserves. The robust reserve position is expected to bolster the RBI's efforts to stabilize the rupee amidst global volatility.

source https://timesofindia.indiatimes.com/business/india-business/forex-buffer-strengthens-indias-forex-reserves-rise-5-17-billion-to-696-65-billion-gold-fcas-drive-gain/articleshow/121830468.cms

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