India foreign exchange reserves climb to record 723.8 billion dollars
India's foreign exchange reserves reached a record $723.8 billion as of late January. RBI Governor Sanjay Malhotra says the stock covers 11 months of imports.
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IN's foreign exchange reserves reached an all-time high of $723.8 billion as of January 30, according to a policy speech delivered today by Reserve Bank of India chief Sanjay Malhotra sanjay malhotra. This announcement marks a significant milestone for the external sector of India IN, as the central bank confirmed the record-breaking figure provides a merchandise import cover of more than 11 months.
IN's foreign exchange reserves reached an all-time high of $723.8 billion as of January 30, according to a policy speech delivered today by Reserve Bank of India chief Sanjay Malhotra sanjay malhotra. This announcement marks a significant milestone for the external sector of India IN, as the central bank confirmed the record-breaking figure provides a merchandise import cover of more than 11 months.
