India’s Forex Reserves Crossed the Mark of $5bn

In the week ended on May, 28 India's Forex reserves reached $5.271 billion. According to the weekly supplement published by RBI, there is a tremendous increase in Indian Forex reserves. India’s Forex reserves include Foreign Currency assets(FCAs), Gold reserves, Special drawing rights(SDR), and the reserves situation of the country with the international monetary fund. All these components of Forex Reserves are growing at a huge rate. The country’s gold reserves have been increased by $265 milli