JUST IN India Forex Reserves at ATHš
ā¢ Indiaās forex reserves jump $14.17B to a record $701.36B (RBI)
ā¢ Stronger foreign currency assets + higher gold valuations
ā¢ Gives RBI more firepower to stabilise the rupee during volatility
ā¢ Covers ~11ā12 months of imports ā strong external safety buffer
ā¢ Boosts global investor confidence amid uncertain capital flows
Big signal of macro stability.š
#ATH