India’s forex reserves surge by 4 billion dollars to hit fresh record high of 670.86 billion dollars

India’s foreign exchange (Forex) reserves rose to all-time high of 670.86 billion dollars for the third consecutive week as of 19th of July.

According to the data released by RBI, the reserves surged by 4 billion dollars during the week. In the preceding two weeks, the Forex reserves rose by a cumulative 14.9 billion dollars.