New Delhi: Despite geo-political uncertainties, the investors’ confidence remained intact in India’s growth story as the country’s foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27, the Reserve Bank of India (RBI) data showed on Friday. The forex surged $12.59 billion, which is the largest weekly rise since mid-July 2023. With this, India joins the ranks of only three other countries – China, Japan, and Switzerland – which have crossed the $700 billion threshold in reserves. As per the central bank, foreign currency assets (FCAs) increased by $10.4 billion, bringing the total to $616 billion. Gold reserves also witn
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