India’s Forex Reserves Rise by $4.4 Billion After RBI’s Large Dollar Swap
India’s foreign exchange reserves witnessed a significant boost, rising by $4.4 billion, following a large-scale dollar swap conducted by the Reserve Bank of India (RBI). This development has strengthened the country’s financial position, providing greater stability to the rupee and enhancing India’s ability to manage external shocks. Background of the Forex Reserve Increase Key Highlights…