India forex reserves hit 716B on capital inflows
India foreign exchange reserves climbed to a six-month high of 716.9 billion dollars as of August 14. Sustained capital inflows and strong central bank measures drove the weekly increase.
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India's foreign exchange reserves climbed to $716.9 billion during the week ending August 14, marking a six-month high driven by capital inflows. The reserves jumped nearly $10 billion week-on-week, according to data released on Friday afternoon. This rebound brings the total pile within striking distance of the record $728.5 billion peak reached in February.
