India's Forex Reserves Surge $6.1 Billion to $682.35 Billion
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India's foreign exchange reserves jumped $6.118 billion to $682.354 billion during the week ended July 24, driven by a sharp increase in foreign currency assets and gold reserves. The rise comes after the Reserve Bank of India (RBI) launched special foreign currency deposit and borrowing schemes in June. The overall reserves had increased $1.08 billion to $676.237 billion in the previous week.
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