Forex Reserves Rise To $572.8 Billion

In the previous reporting week, the reserves had dropped by$2.39 billion to a three-month low of $560.003 billion.

India's forex kitty rose by $12.798 billion to $572.801 billion in the week ended March 17, the Reserve Bank said on Friday.

In the previous reporting week, the reserves had dropped by $2.39 billion to a three-month low of $560.003 billion.

It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion.

The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.