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of <h1>India's Forex Reserves Increase by $305 Million, Totaling $654.271 Billion, Despite Recent Declines and Market Interventions.</h1> The country's forex reserves rose by USD 305 million to USD 654.271 billion for the week ending March 14, according to the Reserve Bank of India. This follows a significant increase of USD 15.267 billion the previous week, driven partly by a USD 10 billion forex swap by the RBI. Despite recent declines due to revaluation and market interventions, reserves reached a peak of USD 704.885 billion in September 2024. During the reported week, foreign currency assets decreased by USD 96 million, while gold reserves, Special Drawing Rights, and India's IMF reserve position saw increases.
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