India's FX reserves rise by $305 mln to $654.27 bln in week ended Mar 14
This story was originally published at 17:52 IST on 21 March 2025
Register to read our real-time news.Informist, Friday, Mar. 21, 2025
--RBI: India Mar 14 FX reserves $654.27 bln, up $305 mln on week
NEW DELHI – India's foreign exchange reserves rose by $305 million to $654.27 billion in the week ended Mar. 14, likely owing to revaluation gains, data released Friday by the Reserve Bank of India showed.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, declined 0.2% last week. Calculated in dollar terms, the foreign currency reserves also reflect the impact of appreciation or depreciation of non-US units like the euro, the pound sterling, and the yen held in the reserves.
The country's foreign currency assets fell by $96 million to $557.19 billion as of Mar. 14. The portion of gold in the reserves rose by $66 million to $74.39 billion.
Foreign exchange reserves are likely to rise in the week ended Mar. 28 as well, on the back of the central bank's $10-billion three-year dollar/rupee buy/sell swap auction on Monday, whose first leg of settlement will take place on Wednesday. End
US$1 = INR 85.97
Reported by Pratiksha
Edited by Ashish Shirke
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
