India's forex reserves rise by $2.56 bn to hit all-time high of $581 bn | Capital TV

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At a time when the economy is under stress due to the coronavirus pandemic, India's foreign exchange (forex) reserves have been rising at a very fast pace and have touched a new high. As per the Reserve Bank of India`s weekly data, the country's foreign exchange reserves rose by $2.56 billion in the week ended December 18 to hit a fresh all-time high of $581.131 billion, making it the fifth-largest holder of reserves in the world. In the previous week, the reserves had fallen by $778 million to $578.568 billion.
#IndiaEconomy #ForeignExchange #RBI #India #CapitalTV #CapitalTVOnline

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