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New Delhi<\/strong>: India\u2019s foreign exchange reserves reached a new peak of $675 billion on August 2, according to Reserve Bank of India Governor Shaktikanta Das.<\/p>\n The prior record was $670.857 billion on July 19, with the most recent figure being $667.386 billion as of July 26.<\/p>\n Governor Das remarked that the nation\u2019s external sector continues to show resilience, as evidenced by the improvement in key indicators.<\/p>\n \u201cConfidence in fulfilling our external financial obligations remains strong,\u201d he stated following the monetary policy review.<\/p>\n Das noted that from June 2024, foreign portfolio investors became net purchasers in the domestic market, with net inflows of $9.7 billion from June to August 6, reversing the outflows of $4.2 billion seen in April and May.<\/p>\n Gross FDI increased by over 20% in April-May 2024, and net FDI inflows during this period were double those of the same period last year, he added.<\/p>\n While external commercial borrowings by Indian companies slowed, non-resident deposits saw an increase in April-May.<\/p>\n As of July 26, the RBI\u2019s gold reserves were valued at $57.695 billion, with the next update expected on Friday, August 8.<\/p>\n<\/div>\n [ad_2] [ad_1] New Delhi: India\u2019s foreign exchange reserves reached a new peak of $675 billion on August 2, according to Reserve Bank of India Governor Shaktikanta Das. The prior record was $670.857 billion on July 19, with the most recent figure being $667.386 billion as of July 26. Governor Das remarked that the nation\u2019s external sector […]<\/p>\n","protected":false},"author":1,"featured_media":39383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-39382","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/08\/download-54.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/39382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=39382"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/39382\/revisions"}],"predecessor-version":[{"id":39384,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/39382\/revisions\/39384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/39383"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=39382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=39382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=39382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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