Mumbai, The country’s foreign exchange reserves rose by US$ 4.529 billion to US$ 658.8 billion during the week ended March 21, the RBI said on Friday.
In the previous reporting week, the total reserves had risen by US$ 305 million to US$ 654.271 billion.
This is the third consecutive week that the foreign exchange reserves have increased, which were on a downward trend recently due to the revaluation, as well as interventions in the foreign exchange market by the RBI to help reduce volatility in the rupee. The foreign exchange reserves had risen to an all-time high of US$ 704.885 billion in September 2024.
Foreign currency assets, a major component of the reserves, rose by US$ 1.669 billion to US$ 558.856 billion for the week ended March 21, data released on Friday showed.
Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in the foreign exchange reserves.
The RBI said gold reserves rose by $2.883 billion to $77.275 billion during the week.
The apex bank said special drawing rights (SDRs) declined by $22 million to $18.24 billion.
According to the apex bank data, India’s reserve position with the IMF also declined by $2 million to $4.429 billion in the week under review.
