The banking sector and foreign exchange market have demonstrated broad stability, as indicated by recent data from the International Monetary Fund. Over the last six months, foreign exchange reserves have increased by more than $2 billion, reaching a total of over $32 billion. Furthermore, the dollar exchange rate has maintained a steady position during this period.
Banking sector stability and growth in forex reserves
According to IMF calculations, foreign exchange reserves have risen by over $2 billion to exceed $32 billion over the past six months.
Source: The Business Standard