In the week ending March 22, the country's foreign exchange reserves or forex rose by $ 1.029 billion to $ 406.667 billion.
In the previous week, the forex rose $ 3.6 billion to $ 405.6 billion.
According to the RBI statistics, in the week ending March 22, 2019, foreign currency assets, a major component of the forex reserves, increased by $ 1.031 billion to $ 378.805 billion, which helped the Forex.
It is worth noting that on A
pril 13, 2018, Forex touched the record level of $ 426.02 billion.
According to the statistics released by the RBI, the country's gold reserves remained at $ 23.408 billion, while special drawing rights or foreign clearance rights (SDRs) declined by $ 7 million to $ 1.460 billion and the International Monetary Fund (IMF). The reserve position of the RBI decreased by $ 1.5 million to $ 2.993 billion. (Share Manthan, 30 March 2019)
