Forex reserves surge to record high of $359.75bn
India’s foreign exchange reserves rose by $4.2 billion to an all-time high of $359.75 billion in the week ended April 1, according to RBI data. During the period under review, foreign currency assets, the biggest component of overall reserves, increased by $3.54 billion to $335.68 billion. Further, as of April 1, gold reserves stood at $20.11 billion.