Forex reserves surge to all-time high $355.95 bn
India's foreign exchange reserves surged by $2.539 billion to touch an all-time high of $355.947 billion in the week ended March 18, on account of rise in foreign currency assets (FCA), the RBI said on Friday. FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the week under review.