India’s foreign exchange reserves increased by 140 million dollars to touch its all-time high of 642.631 billion dollars during the week ended on the 22nd of March. The data released by the Reserve Bank of India said, this is the fifth consecutive week of a jump in the overall reserves. The kitty had increased by 6.396 billion dollars to 642.492 billion dollars in the previous reporting week.
Gold reserves increased by 347 million dollars to 51.487 billion dollars during the week.
The foreign currency assets, a major component of the overall reserves, decreased by 123 million dollars to 568.264 billion dollars. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
