Business Headline News India Top Stories

Indian Forex reserves hits new record high at USD 333 billion

With Indian economy getting boost, India’s foreign exchange reserves have reached  a fresh high, rising by USD 2.956 billion to USD 333.169 billion in the week to February 13, helped by a healthy rise in foreign currency assets.

In the previous week, the reserves had increased by USD 2.329 billion to USD 330.213 billion. The latest boost to the reserves can help India cover its import bill for almost 10 months now, as per analysts.