India’s Forex Reserves Continue To Surge, Hit All-Time High Of $439.71 Billion

In a sign of the economy getting back in shape enthused by a slew of reforms announced by the Union Minister for Finance Nirmala Sitharaman in the recent past, the country's forex reserves continue to surge and hit an all-time peak value of $439.71 billion, reports Financial Express.

It should be noted that the new high of $439.71 billion tops the previous best value of reserves which was achieved just last week when the forex war chest had soared by $4.24 billion to $437.83 billion.

Adding to the ride, the country's reserve position with the International Monetary Fund (IMF) also increased by $7 million to USD 3.623 billion. Meanwhile, the gold reserves of the nation dipped by $399 million to $26.778 billion.