India’s foreign exchange reserves rose by $4.37 billion to $655.817 billion in the week ended June 7, a record high. Stocks rose by $4.837 billion in the previous week to $651.51 billion. The previous high was $648.87 billion on May 10. Reserves have grown significantly in recent weeks. Foreign exchange holdings, a major component of foreign exchange reserves, rose by $3.773 billion to $576.337 billion in the week ended June 7.
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