India’s forex reserves rise further to 642.631 b

By Xinhua
Published : 29 Mar 2024 10:09 PM

India's forex exchange (forex) reserves rose by 139 million U.S. dollars to 642.631 billion dollars during the week ending on March 22, data released by the country's central bank, the Reserve Bank of India (RBI), showed on Friday.

This was the fifth straight week when India's forex reserves rose. Media reports described them as the highest ever forex reserves till date. Forex reserves had stood at 642.492 billion dollars during the previous week ending on March 15. The RBI data further revealed that gold reserves rose by 347 million dollars to 51.487 billion dollars, while the foreign currency assets, which is the key component of forex reserves, declined by 123 million dollars to 568.264 billion dollars, showed the RBI's weekly data. Meanwhile, the Indian Rupee's value remained between 83.31 and 83.40 against U.S. dollar, said local media reports.