India’s forex kitty rose by $12.798 billion to $572.801 billion in the week ended March 17, the Reserve Bank said on Friday. Data the previous week showed that India’s foreign exchange reserves fell to $560 billion as of the week ended March 10, their lowest since early December.
India’s foreign currency assets (FCA), the most significant component of the forex reserves, saw a rise of $10.49 billion to $505.34 billion. India’s gold reserves rose by $2.19 billion to $44.11 billion, while SDRs and India’s reserve position in the IMFs saw an increase of $98 million and $29 million each.
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