NEW DELHI, Mac 24 (NNN-PTI) – India’s foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars, during the week ended Mac 15, the country’s central bank reported.
This was the fourth straight week with an increase in the forex reserves for the country.
According to the Reserve Bank of India, on Friday, the forex reserves rose by nearly 6.4 billion dollars during the week ended Mac 15.
The foreign currency assets stood at 568.386 billion dollars, while the gold reserves amounted to 51.14 billion dollars during the cited week, the data showed.
Meanwhile, the Indian rupee fell to its lowest level of 83.43 against the U.S. dollar, due to broad weakness in its Asian peers, and the aggressive local demand for the U.S. dollar.– NNN-PTI
