Reported about 1 year ago
India's foreign exchange reserves decreased by $2.9 billion to $652.90 billion, from a record high of $655.8 billion, with the Reserve Bank of India intervening to stabilize the rupee's value. Despite this decline, the rupee remains one of the best-performing Asian currencies. Foreign investors are increasing their holdings in Indian stocks and bonds ahead of the country's inclusion in a major global bond index, with expectations of significant inflows that could boost India's weight to 10% in the index.
Source: YAHOO