India’s forex reserves surge by $4.5 billion to $658.8 billion
India's foreign exchange reserves surged by $4.5 billion to scale a 4-month high of $658.8 billion in the week ended March 28, 2025, according to data released by the Reserve Bank of India on Friday. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were down by $1.6 billion to $558.86 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.Gold reserves saw a surge of $2.8...