India's forex reserves rise to touch a life-time high of 507.64 US billion in the second week of June

India's forex reserves rose to touch a life-time high of 507.64 US billion in the second week of this month, helped by a significant jump in the foreign currency assets (FCA), RBI data showed. In the previous week ended June 5, the foreign exchange reserves had crossed the half-a-trillion mark for the first time after it surged by a massive USD 8.22 billion and reached USD 501.703 billion, according to the weekly data released by the Reserve Bank of India.    According to economists, th...