India's Forex Reserves Climb to $707 Billion

India's forex reserves climb to $707 billion, mark $14.1 billion jump

India's foreign exchange reserves jumped a notable $14.136 billion, reaching a total of $707.002 billion for the week ending August 7. This surge was largely driven by a $9.946 billion rise in foreign currency assets, complemented by a $3.995 billion increase in gold reserves. These noteworthy gains come on the heels of strategic initiatives from the government and the RBI aimed at boosting foreign exchange inflows.

By TOI BUSINESS DESK