India's forex reserves hit a new record high of $655.817 billion (week ending June 7).

India's foreign exchange (forex) reserves reached a new record high of $655.817 billion for the week ending June 7, according to the Reserve Bank of India (RBI). This marks a significant $4.307 billion increase from the previous week's $651.51 billion. The increase in foreign exchange reserves comes amid India's exports of goods rising 9% in May, and the country's expected 15.2% share in world remittances in 2024.

June 14, 2024
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