India's foreign exchange reserves record high of USD590 billion

Feb 06, 2021 AlShorts Web Desk

According to Reserve Bank of India, the country's foreign exchange reserves rose USD4.85 billion to touch a record high of USD590.18 billion in the week ended 29 January. The reserves rose on account of an increase in foreign currency assets, a major component of the overall reserves. Gold reserves showed a decline with a reduction of USD164 million to reach USD36.29 billion.