India's forex reserves jump to USD 665.4 billion, highest rise in nearly five months: RBI

New Delhi: India’s foreign exchange reserves rose sharply by USD 6.6 billion to reach USD 665.4 billion in the week ended March 28, marking the highest increase in nearly five months, according to data released by the Reserve Bank of India (RBI). This is the fourth consecutive weekly gain, with total reserves climbing by $20.1 billion over the past month. The surge comes after a period of volatility that saw foreign investors pulling back from Indian equity markets, dampening inflows and exerting pressure on the rupee. As per the latest RBI data, foreign currency assets—one of the major components of forex reserves—stood at USD 565.01 billion, while gold reserves were valued at USD 77.79 billion as of March 28.

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