Comments
RBI Governor Shaktikanta Das on Friday said the country’s foreign exchange reserves have risen nearly $2 billion to $476.5 billion as on April 10.
The forex cover will be enough for 11.8 months, or nearly a year, of the country’s imports, he added. In February, net FDI was $2.9 billion, compared to $1.9 billion in the year-ago period.
The reserves, which are being pointed out as one of the biggest assets in the fight against challenges posed by the Covid-19 pandemic, had stood at USD 474.66 billion for the week ended April 3, as per the last published data from RBI.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.