On Friday, India’s foreign exchange reserves rose $5.98 billion to $578.78 billion as on March 24, 2023, Reserve Bank of India (RBI) data showed.
Data for the previous week showed that India’s foreign exchange reserves rose to $572.8 billion, the highest level since early February.India’s foreign currency assets (FCA), the biggest component of the forex reserves, saw a rise of $4.38 billion to $509.72 billion.
India’s gold reserves rose by $1.37 billion to $45.48 billion, while SDRs and India’s reserve position in the IMFs saw an increase of $18.41 million and $5.15 million each.
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