PR No – 127
26th July, 2024
New Delhi
India’s FOREX is setting new milestones reaching new all-time: PHDCCI
India’s strong stance despite geopolitical uncertainties, prudent policy measures and vigilant monetary policy stance, have led the FOREX to reach the new all-time high at the level of USD 670 billion (as on July 19, 2024), said Shri Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry.
This will propel India’s economic growth on a higher trajectory, enhancing its standing internationally, making the country attractive to foreign investors, and fostering domestic trade and industry. Given, the global macroeconomic challenges, the Reserve Bank of India would have more flexibility in handling the currency and monetary policy due to the country’s significantly high foreign exchange reserves, said Shri Sanjeev Agrawal.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry