Mumbai: India’s foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday. The forex kitty increased by $2.95 billion during the week, after notching a cumulative $26.5 billion rise in the previous five weeks. RBI Governor Shaktikanta Das on Friday referred to the record foreign exchange reserves as a reflection of the strength of the Indian economy. “It is our prime focus to build a strong umbrella, a strong buffer in the form of a substantial quantum of forex reserves, which will help us when the cycle turns or when it rains heavily,” Das said while unveiling the first monetar
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