Forex Reserves touch an All-Time High; Cross the $538 billion mark

India’s forex reserves climbed nearly 3.4 times in the March-end to August period vis-à-vis the same period in the preceding year. According to Madan Sabnavis, Chief Economist, CARE Ratings, lower trade deficit, and an increase in FDI inflow are the major contributing factors behind this rise.

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Update by Suman Mondal

News Source – Business Line