India's foreign exchange reserves rose by $7.26 billion to $674.193 billion during the week ended July 3, reversing the previous week's decline.

India is building an ecosystem capable of supporting around 5,000 GCCs by 2030, as the country strengthens its position as the world's leading destination for knowledge and innovation hubs, Sitharaman said 

The domestic share market traded positive for the second consecutive session on Friday, supported by broad-based buying across sectors.

The IMF has marginally lowered India's economic growth forecast for the current financial year to 6.4 per cent , trimming its earlier estimate of 6.5 per cent made in April.

The domestic share market rebounded on Thursday, driven by broad-based buying across sectors, with the exception of auto and information technology stocks.

The IMF has appointed Silvana Tenreyro as its next Chief Economist and Director of the Research Department, succeeding Pierre-Olivier Gourinchas, who has returned to academia.