India’s forex reserves cross $700 billion: Value of gold holdings surges; foreign currency assets fall slightly

India's foreign exchange reserves surged by $4.496 billion to $702.28 billion, primarily due to a significant increase in gold reserves. This rise offset a dip in foreign currency assets, highlighting the Reserve Bank of India's growing preference for gold over dollar-based assets.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/oHBmTMG

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