Forex reserves cross $600 billion, a 15-month high

Reserves rose by $12.74 billion from the preceding week, recording their biggest gain in four months, mainly due to an increase in US government bonds held by RBI and an appreciation of non-dollar currencies. RBI holds over two-thirds of its foreign currency assets in US dollars, with the remaining in euro, yen, pound and Chinese renminbi.

from Times of India https://ift.tt/voL17gn