Forex reserves up $2bn at $303.46bn

Foreign exchange reserves increased $2.225 billion to $303.460 billion during the week ended March 7, according to data released by RBI on Friday.

Foreign currency assets increased $2.221 billion to $293.471 billion. Gold reserves were unchanged at $9.558 billion.

Reserve Position in the IMF was up $4 million at $431 million.