India's foreign exchange reserves hit a new high of $327.88 billion in
the week ended January 30, according to data published by the Reserve
Bank of India on Friday. This was a surge of $5.8 billion from the
earlier week's tally of $322 billion.
The previous record high was $322.13 billion recorded for the week ended January 16. The surging reserves come as foreign investors have continued to be hefty buyers of bonds and shares because of expectations for economic reforms from Prime Minister Narendra Modi's government and the central bank's success in reducing inflation.
Foreign institutional investors poured in a $26.4 billion into Indian bonds and another $16 billion into shares in 2014.
Read more at Click here / www.trade4x.net
The previous record high was $322.13 billion recorded for the week ended January 16. The surging reserves come as foreign investors have continued to be hefty buyers of bonds and shares because of expectations for economic reforms from Prime Minister Narendra Modi's government and the central bank's success in reducing inflation.
Foreign institutional investors poured in a $26.4 billion into Indian bonds and another $16 billion into shares in 2014.
Read more at Click here / www.trade4x.net
No comments:
Post a Comment