Forex Reserve rose its life time high to $393.612 bn.
According to RBI data the country’s foreign exchange reserves rose by $163.8 million to touch a new life time high of $393.612 bn in the week ended August 11, helped by rise in foreign currency assets.
Indian Express, 19.8.17
The benefit of increasing the Forex Reserve is it increases the value of Indian Currency and it will also help in reducing the inflation rate and if we discuss about the reason of increasing forex reserve so it could be because of high export rating in the country but on the other hand it will also affect the import power of the country positively as Rupee’s value will be increased so importers will have to pay less as compare to before.
posted by Faiyaz Shaikh