India's forex reserve records high of $426.42 bn.

• Position: Brief article

India's foreign exchange reserve touched a life-time high of USD 426.42 billion after it surged by USD 4.215 billion in the week to June 21, RBI data showed. Forex reserves had scaled a record high of USD 426.028 billion in the week to April 13, 2018. In the previous reporting week, the reserves had declined by USD 1.358 billion to USD 422.2 billion. The rise in reserves was on account of increase in foreign currency asset, which is a major component of the overall foreign exchange reserves. In the reporting week, foreign currency assets increased by USD 4.202 billion to USD 398.649 billion. Expressed in dollar...