FX Reserves
India's FX reserves rise to 4-month high of $658.80 bln in week ended Mar 21
This story was originally published at 19:01 IST on 28 March 2025
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--RBI: India Mar 21 FX reserves $658.80 bln, up $4.53 bln on week
NEW DELHI – India's foreign exchange reserves rose by $4.53 billion to an over four-month high of $658.80 billion in the week ended Mar. 21, likely owing to revaluation gains, data released on Friday by the Reserve Bank of India showed.
Calculated in dollar terms, the foreign currency reserves also reflect the impact of appreciation or depreciation of non-US units such as the euro, the pound sterling, and the yen held in the reserves. The country's foreign currency assets rose by $1.67 billion to $558.86 billion as of Mar. 21. The portion of gold in the reserves rose by $2.88 billion to $77.28 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 held on Monday, whose first leg of settlement took place on Wednesday. End
US$1 = INR 85.47
Reported by Pratiksha
Edited by Subhojit Sarkar
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