New Delhi, Jan 16 (IANS) India’s foreign exchange reserves increased by $392 million to $687 billion in the week ending January 9, the Reserve Bank of India (RBI) announced on Friday.The Central Bank said the value of gold reserves, a key component of the foreign exchange reserves, also increased by $1.56 billion to $112.83 billion in the week ending January 9.A key reason for the increase in gold reserves is the sharp rise in gold prices. The price of gold in international markets has increased…
Latest Gold Reserves News & Updates
Mumbai, Dec 26 (IANS) India’s foreign exchange reserves rose sharply by $4.36 billion to $693.32 billion for the week ending December 19, according to data released by Reserve Bank of India (RBI) on Friday. The increase reflects the central bank’s efforts to manage liquidity and maintain stability in the foreign exchange market.The RBI said it closely tracks developments in the forex market and steps in whenever required to ensure orderly trading conditions.These interventions are aimed at r…