Forex buffer strengthens: India’s forex reserves rise $5.17 billion to $696.65 billion; near all-time high; gold, FCAs drive gain

India’s foreign exchange reserves rose by $5.17 billion to reach $696.65 billion for the week ended June 6, according to data released by the Reserve Bank of India (RBI) on Friday. The increase reverses the previous week’s decline of $1.237 billion and brings the reserves […]