Foreign exchange reserves reach highest in 2 yrs
8 months, 2 weeks ago

Foreign exchange reserves reach highest in 2 yrs

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. China's foreign exchange reserves reached the highest level in more than two years, standing at $3.2457 trillion as of the end of March, while gold reserves increased for the 17th consecutive month, the State Administration of Foreign Exchange said on Sunday. The country's foreign exchange reserves were up by $19.8 billion, or 0.62 percent, compared with the end of February, SAFE said, marking the second consecutive month of increase and hitting the highest level since December 2021, when the country's foreign exchange reserves came in at $3.25 trillion. The administration said foreign exchange reserves rallied amid rising global financial markets, adding that China's economic recovery is gaining momentum, and solid economic fundamentals will help the country's foreign exchange reserves stay generally stable going forward. Meanwhile, China's official gold reserves reached 72.74 million ounces at the end of March, up from 72.58 million ounces a month earlier, marking the 17th consecutive month of increase, according to SAFE.

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History of this topic

India’s foreign exchange reserves decline for eighth consecutive week
Trending News
3 weeks, 2 days ago

India’s foreign exchange reserves decline for eighth consecutive week

Live Mint  

New Delhi, December 1 : India's foreign exchange reserves slumped for an eighth consecutive week to hit a multi-month low of USD 656.582 billion in the week that ended on November 22, data from the Reserve Bank of India showed. The latest RBI data showed that India's foreign currency assets, the largest component of forex reserves, stood at USD 566.791 …

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI
3 weeks, 4 days ago

India's forex reserves drop USD 1.31 billion to USD 656.58 billion as of November 22: RBI

India TV News  

India's forex reserves dropped USD 1.31 billion to USD 656.58 billion for the week ended November 22, the Reserve Bank of India said. For the week ended November 22, foreign currency assets -- a major component of the reserves -- decreased USD 3.043 billion to USD 566.791 billion, the data, which was released on Friday, showed. India's reserve position with …

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why
1 month ago

India’s forex reserves hit steepest weekly drop on record at over four month low to $657.8 billion; Here’s why

Live Mint  

India's foreign exchange reserves fell to a more-than-four-month low last week, marking the sharpest weekly fall on record, dragged by a stronger US dollar following the US election verdict. It also indicated the Reserve Bank of India likely sold dollars in the market to support the local currency and limit its further decline after it dropped to a record low …

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak
1 month, 1 week ago

India’s forex reserves fall for sixth straight week to hit 3-month low of $675.6 billion, down $29 billion from peak

Live Mint  

India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India showed on Friday. In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion. For the week ended November 8, foreign currency assets, a …

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee
1 month, 2 weeks ago

India’s forex reserves drop for fifth week amid RBI’s possible intervention to support rupee

India TV News  

India’s foreign exchange reserves fell for the fifth consecutive week, falling $2.675 billion to $682.130 billion in the week ended November 1, according to RBI data. The record reserves of $704.885 billion are slowly dwindling, likely due to RBI intervention to support the rupee. Reserve levels falling after all-time highs Recent reserve declines that peaked last month included $3.7 billion, …

China's foreign exchange reserves up 0.98% in August
3 months, 2 weeks ago

China's foreign exchange reserves up 0.98% in August

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. BEIJING -- China's foreign exchange reserves totaled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed Saturday. China's foreign exchange reserves have remained stable above $3.2 trillion …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 1 week ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

Chinese 'Gold ATMs' shine at expo
4 months, 2 weeks ago

Chinese 'Gold ATMs' shine at expo

China Daily  

A Kinghood employee addresses queries on the company's gold exchange machines during the 2024 China Gold Congress and Expo last week. Chinese jewelry company Kinghood Group has rolled out automated gold exchange machines in Shenzhen, Guangdong province, which recently went online in the coastal city in South China. "The system evaluates the gold purity, weight and price within three minutes, …

Chinese 'Gold ATMs' shine at expo
4 months, 2 weeks ago

Chinese 'Gold ATMs' shine at expo

China Daily  

A Kinghood employee addresses queries on the company's gold exchange machines during the 2024 China Gold Congress and Expo last week. Chinese jewelry company Kinghood Group has rolled out automated gold exchange machines in Shenzhen, Guangdong province, which recently went online in the coastal city in South China. "The system evaluates the gold purity, weight and price within three minutes, …

China's foreign exchange reserves total $3.2224t
5 months, 2 weeks ago

China's foreign exchange reserves total $3.2224t

China Daily  

Xinhua | Updated: 2024-07-08 10:11 BEIJING - China's foreign exchange reserves stood at $3.2224 trillion at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange said, attributing the decrease to the combined impact of currency translation and asset price changes. The Chinese economy …

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here
5 months, 3 weeks ago

India's Forex Reserves Jump By $816 Million to $653.71 Billion; Details Here

News 18  

India’s foreign exchange reserves increased by $816 million to $653.711 billion during the week ended June 21, according to the latest RBI data. According to the latest RBI data released on June 28, India’s gold reserves rose $988 million to $56.956 billion during the week ended June 21, while the special drawing rights fell $57 million to $18.049 billion. For …

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion
5 months, 3 weeks ago

India's foreign exchange reserves jump by USD 816 million to USD 653.71 billion

India TV News  

India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India said today. For the week ended June 21, foreign currency assets, a major component of the reserves, decreased by USD 106 million to USD 574.134 billion, the data released on Friday showed. India's forex reserves dropped by …

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion
6 months ago

India's Forex Reserves Fall $2.92 Billion to $652.9 Billion, Gold Holding Falls $1 Billion

News 18  

After hitting all-time high levels following continuous gains, India’s foreign exchange reserves fell $2.922 billion to $652.895 billion during the week ended June 14, according to the latest data from the Reserve Bank of India. This decline follows a significant increase of $4.307 billion in the previous reporting week, which pushed the reserves to a record high of $655.817 billion …

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI
6 months ago

India's forex reserves decline USD 2.922 billion to USD 652.895 billion, retreat from record highs: RBI

India TV News  

In its latest report, the Reserve Bank of India said that India's foreign exchange reserves witnessed a decline of USD 2.922 billion to reach USD 652.895 billion as of June 14. Specifically, foreign currency assets, a pivotal component of the reserves, decreased by USD 2.097 billion to USD 574.24 billion during the same period, as indicated by the data released …

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data
6 months, 1 week ago

India's Forex Reserves Hit All-Time High of $655.8 Billion, Gold Holdings Rise to $57 Billion: RBI Data

News 18  

India’s forex reserves jumped $4.307 billion to a new all-time high of $655.817 billion for the week ended June 7, according to the latest RBI data. Gold Reserves and Special Drawing Rights Gold reserves increased by $481 million to $56.982 billion during the week ended June 7. Foreign Currency Assets and IMF Reserve Position For the week ended June 7, …

India's forex reserves touch fresh highs at USD 655.8 billion
6 months, 1 week ago

India's forex reserves touch fresh highs at USD 655.8 billion

Op India  

India’s foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India showed. According to the latest data released by the Reserve Bank of India, India’s foreign currency assets, the biggest component of the forex reserves, rose by USD …

China’s central bank to return to gold buying as prices ease, analysts say
6 months, 1 week ago

China’s central bank to return to gold buying as prices ease, analysts say

Live Mint  

By Brijesh Patel and Ashitha Shivaprasad SINGORE, - China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week. After adding to its gold reserves for 18 consecutive months, …

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion
6 months, 2 weeks ago

Forex Update: India's Foreign Exchange Reserves Hit All-Time High of $651.51 Billion

News 18  

India’s forex reserves jumped $4.837 billion to a new all-time high of $651.51 billion for the week ended May 31, according to the latest RBI data. “Touching a new milestone, India’s foreign exchange reserves reached a historical high of $651.5 billion as on May 31,” RBI Governor Shaktikanta Das said in his statement while announcing the bimonthly policy review. Sanjeev …

India's forex reserves hit record high of $651.5 billion as of May 31
6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times  

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion
6 months, 3 weeks ago

Forex Update: India's Foreign Exchange Reserves Fall $2 Billion to $646.67 Billion

News 18  

After rising for three consecutive weeks, India’s forex reserves fell $2.027 billion to $646.673 billion for the week ended May 24, according to the latest RBI data. For the week ended May 24, foreign currency assets, a major component of the reserves, decreased by $1.51 billion to $567.499 billion, the data released on May 31 showed. The recent data shows …

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI
7 months ago

Indian forex reserve reaches all-time high with $648.7 billion for the week ending May 17: RBI

India TV News  

The Reserve Bank of India in its latest release on Friday stated that the Indian foreign exchange reserve has risen to an all-time high $648.7 billion for the week ending May 17. Latest data breaches the highest ever record of April 5 Before three weeks of decline, the reserves had hit an all time high of USD 648.562 billion following …

Gold maintains glitter as haven for investors
7 months, 1 week ago

Gold maintains glitter as haven for investors

China Daily  

A shopper tries on a gold bracelet at a jewelry store in Chongqing. The attractiveness of gold is expected to increase in the months to come, fueled by prudent domestic monetary policy and lower interest rates, which will further reduce the cost of investing in gold and prompt investors to seek other wealth storage options like precious metals, said Wang …

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion
8 months, 1 week ago

India’s forex reserves rise for seventh straight week, jump $2.9 billion to hit all-time high of $648 billion

Live Mint  

India's foreign exchange reserves increased $2.98 billion to $648.562 billion for the week ended April 5, data released by the the Reserve Bank of India showed on Friday, April 12. In the previous reporting week, the forex kitty had increased by $2.951 billion to $645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency …

India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI
8 months, 1 week ago

India's forex reserves jump USD 2.98 billion to hit fresh peak of USD 648.56 billion: RBI

India TV News  

India's forex reserves jumped USD 2.98 billion to hit a fresh peak of USD 648.56 billion, RBI said on Friday. In the previous reporting week, the forex kitty had increased by USD 2.951 billion to USD 645.583 billion, which was an all-time high. For the week ended April 5, the foreign currency assets, a major component of the reserves, increased …

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion
8 months, 2 weeks ago

India’s forex reserves rise for sixth straight week, jump $2.6 billion to hit all-time high of $645.5 billion

Live Mint  

India's foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, data released by the the Reserve Bank of India showed on Friday, April 5. The forex kitty had increased $140 million to $642.631 billion in the previous reporting week, according to RBI data. For the week ended March 29, the foreign currency assets, a …

India's foreign exchange reserves rise by USD 140 million to hit fresh peak of USD 642.63 billion
8 months, 3 weeks ago

India's foreign exchange reserves rise by USD 140 million to hit fresh peak of USD 642.63 billion

India TV News  

Business news: India's forex reserves increased by USD 140 million to touch its all-time high of USD 642.631 billion during the week ended March 22, the Reserve Bank of India said. The previous peak level was recorded in September 2021 when the country's foreign exchange reserves reached USD 642.453 billion. For the week ended March 22, the foreign currency assets, …

India's forex exchange reserves at over two-year high
9 months, 1 week ago

India's forex exchange reserves at over two-year high

Op India  

India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India. Before March 8 week, the foreign exchange reserves rose by USD 6.554 billion to USD 625.626 billion, data showed. During the latest week, India’s foreign currency assets, …

China's forex reserves expected to increase in 2024
11 months, 2 weeks ago

China's forex reserves expected to increase in 2024

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. China's foreign exchange reserves will likely see a moderate increase this year amid improving export growth and recovering capital inflows after hitting a two-year high in December, experts said on Monday. Their comments …

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn
1 year ago

India's forex reserves hit over 20-month high, jump $9.112 bn to $615.971 bn

Firstpost  

India’s foreign currency assets, the biggest component of the forex reserves, rose USD 8.349 billion to USD 545.048 billion, the central bank’s weekly statistical data showed. India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of $615.97 billion as of Dec. 15, data from the Reserve Bank of India showed on Friday. Before December …

India's forex reserves jump USD 9.112 billion to USD 615.971 billion
1 year ago

India's forex reserves jump USD 9.112 billion to USD 615.971 billion

India TV News  

India's forex reserves jumped USD 9.112 billion to USD 615.971 billion in the week ended December 15 and the quantum of increase is one of the highest for a week, according to RBI data. For the week ended December 15, the foreign currency assets, a major component of the reserves, increased USD 8.349 billion to USD 545.048 billion, as per …

Forex reserves jump $2.816 billion to $606.859 billion
1 year ago

Forex reserves jump $2.816 billion to $606.859 billion

The Hindu  

India's forex reserves jumped $2.816 billion to $606.859 billion in the week ended December 8, the Reserve Bank of India said on December 15. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year. For the week ended December 8, the foreign currency assets …

What China's first deficit in investment says about the West
1 year, 1 month ago

What China's first deficit in investment says about the West

Firstpost  

According to the most recent data, the onshore volume of yuan trading against the dollar fell 73% from August levels to a record low of 1.85 trillion yuan in October According to balance of payments data, China experienced its first-ever quarterly deficit in foreign direct investment, highlighting Beijing’s difficulty courting foreign businesses following a “de-risking” decision by Western governments. According …

India's forex reserves rise USD 1.23 billion to USD 596.28 billion
1 year, 5 months ago

India's forex reserves rise USD 1.23 billion to USD 596.28 billion

Firstpost  

Gold reserves were up USD 228 million to USD 44.06 billion, the RBI said. India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday. In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion. For the week …

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details
1 year, 5 months ago

India’s forex reserves rise by $1.85 billion to $595.05 billion; check details

Live Mint  

India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, said the Reserve Bank of India. For the week ended on June 30, the foreign currency assets, a major component of the reserves, increased by $2.539 billion to $527.979 billion, according to the Weekly Statistical Supplement released by the RBI on Friday. …

India's Forex reserves rise by USD 1.85 billion to USD 595.05 billion
1 year, 5 months ago

India's Forex reserves rise by USD 1.85 billion to USD 595.05 billion

India TV News  

India's Forex Reserve: The Reserve Bank of India on Friday claimed that the forex exchange reserves of the country have risen by USD 1.853 billion to USD 595.051 billion in the week ended on June 30. The forex reserves reached an all-time high in Oct 2021 India, earlier on October 2021, recorded an all-time high forex reserve of USD 645 …

India’s forex reserves rise by $7.2 bn to reach at 11-month high, nears $600 bn
1 year, 7 months ago

India’s forex reserves rise by $7.2 bn to reach at 11-month high, nears $600 bn

Live Mint  

India's forex reserves inched closer to the $600 billion mark by rising $7.196 billion in the week that ended on May 5, 2023, to $595.976 billion. As per RBI's weekly statistical data, total foreign exchange reserves jumped by $7.196 billion to $595.976 billion in the week that ended on May 5, 2023. Read here: CPI inflation falls below RBI's upper …

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion
1 year, 7 months ago

India's foreign exchange reserves rise USD 4.5 billion to USD 588.78 billion

India TV News  

Business news : India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. Coming back to RBI's latest data, India's …

India’s forex reserves rise by $4.53 bn to reach a 10-month high of $588.78 bn
1 year, 7 months ago

India’s forex reserves rise by $4.53 bn to reach a 10-month high of $588.78 bn

Live Mint  

India's forex reserves turned positive in the week that ended on April 28, 2023. As per RBI's data, forex reserves jumped by $4.532 billion to $588.780 billion in the April 28, 2023, week. Read here: Data recap: PMI hints at relief, Go First goes bust India's forex reserves were at an all-time high of $645 billion in October 2021. In …

India's forex reserves rise $4.532 billion to $588.78 billion
1 year, 7 months ago

India's forex reserves rise $4.532 billion to $588.78 billion

The Hindu  

India's foreign exchange reserves jumped $4.532 billion to $588.78 billion for the week ended April 28, the Reserve Bank of India said on Friday. In October 2021, the country's forex reserves had touched an all-time high of $645 billion. For the week ended April 28, foreign currency assets, a major component of the reserves, increased nearly $5 billion to $519.485 …

Forex reserves back in red, drops to 3-month low at $560 billion
1 year, 9 months ago

Forex reserves back in red, drops to 3-month low at $560 billion

Live Mint  

Forex reserves were back on the downside in the latest week that ended on March 10. As per RBI's latest report, India's reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to …

Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August
2 years, 2 months ago

Forex Reserves Up by $204 Million to $532 Billion in First Weekly Rise Since August

News 18  

India’s forex reserves rose by $204 million to $532.868 billion for the week ended October 7 helped by a jump in the value of gold holdings, the Reserve Bank of India said on Friday. This is the first weekly rise in the kitty since the seven days ended August 27, when the overall reserves stood at $571.56 billion. Foreign currency …

India's forex reserves rises after four weeks of fall
2 years, 4 months ago

India's forex reserves rises after four weeks of fall

India TV News  

India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by foreign investors in the Indian equity market. The country's foreign exchange reserves rose by $2.315 billion to $573.875 billion during the week ending June 29, according to the Reserve Bank of India's weekly supplementary …

What are the benefits of foreign exchange reserves
2 years, 5 months ago

What are the benefits of foreign exchange reserves

Live Mint  

India's foreign exchange reserves declined by a $8.062 billion to $580.252 billion in the week ended July 8, according to Reserve Bank of India data. The foreign exchange reserves stood at $412.9 billion in March 2019, $459.9 billion in December 2019, $477.8 billion in March 2020, and $585.8 billion in December 2020. Optimum level of forex It is significant to …

What are the benefits of foreign exchange reserves?
2 years, 5 months ago

What are the benefits of foreign exchange reserves?

Live Mint  

India's foreign exchange reserves declined by a $8.062 billion to $580.252 billion in the week ended July 8, according to Reserve Bank of India data. The foreign exchange reserves stood at $412.9 billion in March 2019, $459.9 billion in December 2019, $477.8 billion in March 2020, and $585.8 billion in December 2020. Optimum level of forex It is significant to …

Forex reserves fall by $28.05 bn in September-March: RBI report
2 years, 7 months ago

Forex reserves fall by $28.05 bn in September-March: RBI report

The Hindu  

The country's foreign exchange reserves declined by $28.05 billion to $607.31 billion at the end of March this year from $635.36 billion at the end of September 2021, according to an RBI report. Reserve Bank of India publishes half-yearly reports on management of foreign exchange reserves as part of its efforts towards enhanced transparency and levels of disclosure. "During the …

Foreign exchange reserves comfortable: Pankaj Chaudhary
3 years, 5 months ago

Foreign exchange reserves comfortable: Pankaj Chaudhary

Live Mint  

India’s foreign exchange position is comfortable with a reserve of $608.9 billion as on 25 June, minister of state for finance Pankaj Chaudhary informed the Lok Sabha on Monday. India is the fifth largest holder of foreign exchange reserves after China, Japan, Switzerland and Russia, the minister said in a written reply to a question. India’s reserves are comfortable in …

Central banks up reserves of RMB to a high
3 years, 5 months ago

Central banks up reserves of RMB to a high

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday. The US dollar had …

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data
3 years, 5 months ago

Foreign Exchange Reserves Up $ 99.2 Bn in FY 2020-21: RBI Data

News 18  

The country’s foreign exchange reserves in nominal terms, including the valuation effects, increased by $ 99.2 billion during the financial year 2020-21, compared to $ 64.9 billion in the preceding year, RBI data showed. On a balance of payments basis, foreign exchange reserves increased by $ 87.3 billion during FY 2020-21, as against an increase of $ 59.5 billion during …

Forex Reserves Rise by $1.739 Billion to $582.037 Bn
3 years, 9 months ago

Forex Reserves Rise by $1.739 Billion to $582.037 Bn

News 18  

The country’s foreign exchange reserves increased by $ 1.739 billion to $ 582.037 billion in the week ended on March 12, the RBI data showed. In the previous week ended March 5, the reserves had declined by $ 4.255 billion to $ 580.299 billion. In the reporting week ended March 12, the rise in reserves was on account of an …

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