India's forex reserves rise to 642.49 bln USD as rupee falls

NEW DELHI, March 23 (Xinhua) -- India's foreign exchange reserves reached an all-time high of 642.49 billion U.S. dollars during the week ended March 15, the country's central bank has reported.

This was the fourth straight week with an increase in the forex reserves for the South Asian country.

According to the Reserve Bank of India on Friday, the forex reserves rose by nearly 6.4 billion dollars during the week ended March 15.

The foreign currency assets stood at 568.386 billion dollars, while the gold reserves amounted to 51.14 billion dollars during the cited week, the data showed.

Meanwhile, the Indian rupee fell to its lowest level of 83.43 against the U.S. dollar, due to broad weakness in its Asian peers and the aggressive local demand for the U.S. dollar.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Alphabet, Meta offer millions to partner with Hollywood on AI
Tesla posts jobs for AI and Autopilot after weeks of staff cuts
White House pushes tech industry to shut down market for sexually abusive AI deepfakes
AI relies on mass surveillance, warns Signal boss
Hospitals see the potential in virtual nursing, but are still learning how to use it
South Korea, Japan unveil sanctions over alleged Russia-North Korea arms trade
Here’s how long teenage girls spend on their smartphones each day
Heavy rains return to southern Brazil, flooding even higher ground in Porto Alegre
US issues visa restrictions, comprehensive review over Georgia 'foreign agent' bill
Israel reprimands Irish, Norwegian, Spanish envoys over Palestine move

Others Also Read