forex update, India’s forex Reserves Hit a Record High of $642.63 Billion.

During the week ending March 22, gold reserves increased $347 million to $51.487 billion, while special drawing rights (SDRs) decreased by $57 million to $18.219 billion.

The most recent RBI data shows that India’s foreign exchange reserves increased by $140 million in the week ending March 22 to reach an all-time high of $642.631 billion. This is the fifth week in a row that the total reserves have increased. The previous reporting week had a $6.396 billion boost to $642.492 billion for the cat.