India’s Forex Reserves Rise to $654.27 Billion, Gold Reserves Up by $66 Million

India’s foreign exchange reserves rose by 305 million dollars, reaching over 654.27 billion dollars in the week ending March 14. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, gold reserves rose by 66 million dollars, totalling over 74.39 billion dollars. 

Also, Special Drawing Rights



increased by 51 million dollars, reaching 18.26 billion dollars, and the Central Bank’s position in the International Monetary Fund was up by 283 million dollars, reaching over 4.43 billion dollars. Meanwhile, foreign currency assets, a major component of the reserves, were down by 96 million dollars to over 557.18 billion dollars.