India’s foreign exchange reserves increased by $4.50 billion to $309.16 billion for the week ended March 28. The forex reserves had dipped by $1.8 billion a week before to $304.65 billion. Foreign currency assets increased by $4.49 billion to $299.14 billion, against $294.64 billion in the week-ago period. India’s reserve position in the international monetary fund increased by $5 million to $437 million. During the period, gold reserves remained static at $9.55 billion while the special drawing rights increased to $19 million.
The two countries signed a memorandum of understanding that will also allow Indian companies to work with Turkmenistan firms on several projects that are being planned in the Asian state.
Owner: Prakash Dhawan
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