New Delhi, Feb 3 (SocialNews.XYZ) India's foreign exchange reserves rose to $576.76 billion during the week ending January 27, according to data released by the Reserve Bank of India (RBI) on Friday.
This is the third consecutive week that the country's reserves have risen. During the week ending January 20, the foreign exchange reserves were $573.73 billion.
The central bank has been intervening to buy dollars to stabilise the rupee. Apart from this, the valuation changes have also added to the RBI's foreign exchange reserves.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz