India's foriegn reserves hit a point of $386.5 bn

India's foriegn reserves hit a record high of $386.5 and rose $4 bn to reach this high.The increase forex in the reporting week was due to increase FCA's.

India joins new Foriegn Exchange Committee

India will soon own a seat in Global Foriegn Exchange Committee,a newly constituted forum of central bankers and experts working towards the promotion of forex market.The committee has been set up under the guidance of Bank of International Settlements.