Forex reserves at all-time high of $345 billion

The Reserve Bank of India (RBI)'s foreign exchange reserves rose to an all-time high of $344.61 billion for the week ended April 24, recording a week-on-week rise of $1.40 billion, according to data released on Friday.

This was a consecutive week of increase.

Foreign currency assets, a key component, rose $1.40 billion to $320.26 billion. During the week, gold reserves remained unchanged at $19.04 billion.

For the week under review, the special drawing rights rose by $0.2 million to $4.00 billion, while India's reserve position with the International Monetary Fund stood at $1.30 billion.