*India’s Forex Reserves Jump $5.17 Billion To $696.66 Billion; Near All-Time High - Why Are Forex Reserves Important?* _India’s foreign exchange reserves rose by $5.17 billion to $696.66 billion in the week ending June 6, bringing the country close to its all-time high of $704.89 billion. The reserves are now enough to cover 11 months of imports and 96% of India’s external debt, according to RBI Governor Sanjay Malhotra._ https://www.republicworld.com/business/indias-forex-reserves-jump-517-billion-to-69666-billion-near-all-time-high-of-70489-billion