Perspective: India’s Forex Reserves Hit Record High | 20 June, 2024

Sansad Tv

As per data released by the Reserve Bank of India, India’s foreign currency assets (FCA), which form the biggest component of the forex reserves, rose by 3.773 billion dollars to 576.337 billion dollars in the reported week.Gold reserves rose by $481 million to $56.982 billion.The Special Drawing Rights (SDRs) were up 43 million dollars to 18.161 billion dollars.India’s reserve position with the IMF was also up $10 million to $4.336 billion in the reporting week.


How significant is this rise in foreign exchange reserves? What do the increasing numbers in India’s forex kitty reflect about the health of the Indian economy?



1- Prof. Charan Singh, CEO, EGROW Foundation

2- Prof. Manoj Pant, Former Vice Chancellor, IIFT


Anchor: Teena Jha


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