India Reaches Record Forex Reserve

National News, News

According to NSDL data, Indian forex reserve reached a record of 355.9 billion USD last week ended 18th March. The previous all time high was 355.4 billion USD in June last year. From the last NSDL data, the reserve made a jump of 2.5 billion USD strong cues in the market.

Reserve Bank of India

After making steep plunge for weeks, the financial market was boosted in the last few weeks by improved sentiments. This turned the FIIs into net buyers from net sellers as they invested 15,665 crore INR in equities and 816 crore INR in debt market. If the bullish trend continues, the current forex reserve high could be broken shortly.

Please follow and like us:

You May Also Like

World’s Oldest Living Man Israel Kristal Has Survived More Than You Can Ever On 15th September 2015, Israel Kristal became the oldest living man in the world as head of Guinness World Records Marco Frigatti oficially handed him...
World’s Oldest Known Gorilla Colo Dies Aged 60 World's oldest known Gorilla, Colo, passed away in her sleep at the Columbus Zoo and Aquarium. Born in 1956, Colo was the first gorilla to have born i...
ISL 2015 – Chennaiyin FC Crowned The New Champions Of Indian Super League! In a closely fought battle between Chennaiyin FC and FC Goa at the ISL 2015 final in Goa, Abhishek Bachchan's Chennaiyin had the last laugh as they pi...
Soumyajit DasMazumdar on FacebookSoumyajit DasMazumdar on LinkedinSoumyajit DasMazumdar on Twitter
Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

Leave a Reply