India’s forex reserves touch $353.40 billion

Chennai, March 19 (IANS) India’s foreign exchange reserves went up by $2.54 billion to $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 $353.40 billion, up from $350.86 billion on March 4, 2016.

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

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

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