RBI’s dollar swap brings liquidity flood, $15 billion boost for forex kitty

Synopsis
The Reserve Bank of India’s foreign exchange reserves increased by $15 billion in the week ending March 7, reaching $653.9 billion. This is the largest single-week gain in over two years. The rise was due to the revaluation in the dollar index and foreign exchange swaps by the RBI. Foreign currency assets and gold reserves also saw increases

The Reserve Bank of India’s foreign exchange reserves increased by $15 billion in the week ending March 7, reaching $653.9 billion.

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