Forex Trading Is Opening Door Of Economy In India !

 

India's foreign exchange position is sound with record reserves as GCCs also bring in forex inflows. Touching a new milestone, India’s foreign exchange reserves reached a historical high of $ 651.5 billion as on May 31, 2024.

Synopsis

India's foreign exchange reserves reached a record $651.5 billion as of May 31, 2024, bolstered by robust services exports and strong remittances. RBI Governor Shaktikanta Das highlighted the resilience of India's external sector. The rise in global capability centers and consistent foreign portfolio investments have also strengthened the economy's external financing position.

Posted by : TRADING SCALE June 11, 2024

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