The country’s foreign exchange reserves swelled by USD 1.013 billion to touch a lifetime high of USD 610.012 billion in the week ended July 2.
About Foreign Reserve:
In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank.
The reserves are made of gold or a specific currency.
They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
