Mumbai, Sep 4 (SocialNews.XYZ) India's foreign exchange reserves rose by $11.475 billion to reach an all-time high of $740.803 billion in the week ended August 28, according to data released by the Reserve Bank of India (RBI) on Friday.
The increase took the country's reserves up by $49.696 billion from end-March levels and by $46.574 billion compared with the same period a year earlier, according to the data.
In addition, foreign currency assets (FCA) -- the largest component of 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