India’s Forex Reserves At Historic High Of $651.5 Bn, CAD To Dip: RBI | Economy News
New Delhi: With a lower trade deficit, robust services export growth and strong remittances, the current account deficit (CAD) is expected to have moderated in the January – March quarter of 2023-24, RBI Governor Shaktikanta Das said on Friday. India’s foreign exchange reserves reached a historical high of US$ 651.5 billion as of May 31. […]