Forex reserves soar $11.9 bn to $534 bn


Mumbai: The nation’s overseas trade reserves hit an all-time excessive of $534.568 billion after surging by $11.938 billion within the week ended July 31, the RBI information confirmed. While saying the financial coverage on Thursday, RBI Governor Shaktikanta Das stated the reserves at $534.6 billion are equal to 13.four months of imports. So far in FY21 (as much as July 31), the reserves have risen by $56.eight billion. PTI



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