India's foreign exchange reserves hit a life-time high of 424.361 billion US dollars, after rising by 1.828 billion dollars in the week to March 30, the Reserve Bank of India (RBI) confirmed. Earlier, the reserves had touched a record high of 421.914 billion dollars on February 9. The gold reserves, however, remained unchanged at 21.614 billion US dollars, the apex bank said. Previously, the reserves had touched a record high of USD 421.914 billion on February 9. In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by USD 1.823 billion to USD 399.118 billion.

Source: dna April 07, 2018 06:51 UTC