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India’s foreign exchange reserves up by $2.6 billion to $366.7 billion

India’s foreign exchange reserves up by $2.6 billion to $366.7 billion

Friday, March 24, 2017, 7:40 PM

India’s foreign exchange reserves rose $2.6 billion to reach $366.7 billion for the week ended March 17, said the Reserve Bank of India on Friday. With the Indian equities market reaching record levels and the Rupee appreciating against the dollar, market sources said that the RBI had intervened heavily to control the value of the Indian currency at a specific level.
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