India's forex reserves hit a 6-month high at $576.761 bn

India's forex reserves hit a 6-month high at $576.761 bn

• By Staff Writer

India's foreign exchange reserves rose for the third consecutive week and hit a six-month high at $576.761 billion in the week ended January 27, according to Reserve Bank of India data. The forex reserves increased by $3.034 billion during the week. Foreign Currency Assets (FCA) rose $2.66 billion to $509.018 billion while gold reserves rose $316 million to $44.027 billion.