RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far
India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day. By shoring up the reserves, the central bank is trying to insulate the country from external shocks arising from volatile energy prices and supply chain … Read more