Foreign exchange reserves hit $649 billion excessive – Occasions of India

The nation’s overseas change reserves rose by practically $3 billion over the week ended April 5 to a brand new excessive of $648.6 billion. The reserves have elevated by $21.4 billion during the last 12 months. The rise was largely as a result of enhance within the worth of RBI’s gold holdings, which went up by $2.4 billion through the week to $54.5 billion.