India forex reserves hit fresh record of $740.80B for week to Aug 28
India's foreign exchange reserves rose to $740.80 billion in the week ended August 28, according to central bank data. Reserves were boosted by heavy inflows from special schemes aimed at attracting dollar inflows.
By Dharamraj DhutiaIndia's foreign exchange reserves (INFXR=ECI) climbed to another record high of $740.80 billion in the week to August 28, central bank data showed on Friday, boosted by heavy inflows from special schemes to attract dollar inflows into the country.India's FX pile has risen for nin…