India’s Forex Reserve at $372b

India’s foreign exchange reserves increased $1.22 billion to hit a new historic high of $371.99 billion as of September 30, aided by a rise in foreign currency assets, according to data published by the Reserve Bank of India, IBTimes reported. Foreign currency assets, which form the largest component of the foreign exchange reserves of the world’s fastest-growing economy, rose $1.46 billion, the central bank’s statistical supplement released on Friday said. Gold reserves fell $236 million to $21.40 billion. The Indian rupee had closed at 66.32 to the US dollar on September 30.