India's forex stockpile rises to all-time high of $723.8 billion: RBI Guv
The stockpile rose from $709.4 billion, which was already an all-time high
 "India's forex stockpile rises to all-time high of $723.8 billion: RBI Guv")
India's foreign exchange reserves stood at $723.8 billion as of January 30, Reserve Bank of India chief Sanjay Malhotra said in his policy speech on Friday.
The stockpile rose from $709.4 billion, which was already an all-time high.
The reserves provide a merchandise import cover of more than 11 months, Malhotra said.
"Overall, India's external sector remains resilient. We are confident of meeting our external financing requirements comfortably."
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