India's forex reserves almost touch $600 billion, hit one-year high

India's foreign exchange reserves continue to rise and are edging towards $600 billion, hitting a nearly one-year high.In the week that ended on May 12 for which data is available, the reserves rose by $3.553 billion to $599.529 billion.Prior to the May 12 week, they rose by $7.196 billion to $595.976 billion, RBI data showed. https://ift.tt/y8SOhYJ