India's foreign exchange surges to 369.95 billion US dollars

India's foreign exchange surged by a whopping 2.02 billion US dollars to 369.95 billion US dollars in the week that ended on 31st of March 2017. A RBI press release has informed that foreign currency assets, a major part of the overall reserves rose by 2.08 billion US dollars to 346.32 billion US dollars.

In the previous week too, the reserves had shot up by 1.15 billion US



dollars to 367.93 billion US dollars.Gold reserves, on the other hand moved down by 45 million US dollars to 19.87 billion US dollars.

India's special drawing rights with the International Monetary Fund also fell 5.1 million US dollars to 1.45 billion US dollars, while the country's reserve position too dropped by 10.7 million US dollars to USD 2.32 billion US dollars.