Forex

India’s Forex Reserve Increased Crossed the Border of $3Bilion

India’s Forex reserves rise by $3.074 billion in the week ended. According to a weekly supplement published by RBI, it increased by $608.081. India’s Forex reserves consist of many things like Foreign Currency Assets (FCAs), Gold Reserves, Special Drawing Rights (SDR), and the situation of the Country’s reserves with IMF (International Monetary Fund). Simultaneous rise in the FCA also triggered the increase of Foreign Currency Assets. It is good for the Indian Economy.