Forex reserves touch USD 353.40 billion

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SME Times News Bureau | 21 Mar, 2016
India's foreign exchange reserves went up by USD 2.54 billion to USD 353.40 billion on March 11, the RBI's weekly statistical statement showed.

According to the Reserve Bank of India (RBI), the total reserves on March 11 stood at USD 353.40 billion, up from USD 350.86 billion on March 4, 2016.

Out of the total forex, the foreign currency assets stood at USD 329.99 billion on March 11, up from USD 327.47 billion on March 4.

As per the central bank's weekly bulletin, on March 11 India's gold reserves stood at USD 19.32 billion; special drawing rights (SDR) at USD 1.48 billion and the reserve position in the International Monetary Fund (IMF) was at USD 2.59 billion.