Forex reserves up $3bn at $306bn

Foreign exchange reserves increased $3.028 billion to $306.488 billion for the week ended March 14, according to data released by RBI on Saturday.

Foreign currency assets were up $3.025 billion to $296.496 billion.

While gold reserves were unchanged at $9.558 billion, Reserve Position in the IMF was up $3 million at $434 million.