(MENAFN- IANS) New Delhi, Feb 3 (IANS) India's foreign exchange reserves rose to $576.76 billion during the week ending January 27, according to data released by the Reserve Bank of India (RBI) on Friday.
This is the third consecutive week that the country's reserves have risen. During the week ending January 20, the foreign exchange reserves were $573.73 billion.
The central bank has been intervening to buy dollars to stabilise the rupee. Apart from this, the valuation changes have also added to the RBI's foreign exchange reserves.
--IANS
ans/vd
MENAFN03022023000231011071ID1105520845
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.