Forex

Indian FOREX Reserves Crossed the Border of $6billion

According to the weekly supplement of RBI India’s forex reserves have crossed the mark of $6billion and reached $6.842billion.The largest part of the foreign reserve which is FCA is also gaining momentum to the forex reserves. Gold reserves & SDR in the country fell but FOREX reserves are increasing after the unlocking process of the government, the main reason is the infusion of foreign capital and bullish stock markets which is giving power.