India's Forex Reserves Hit Fresh All-Time High Of $645.58 Billion

Indias foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, according to the latest RBI report. This is the sixth consecutive week of a jump in overall reserves.

For the week ended March 29, the foreign currency assets, a major component of the reserves, increased $2.354 billion to $570.618 billion.

Gold reserves increased $673 million to $52.16 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down $73 million to $18.145 billion.

Indias reserve position with the IMF was also down $2 million to $4.66 billion in the reporting week, the apex bank data showed.

 

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