India’s forex reserves increased by $63.7 million to $362.79 billion for the week ended February 24 due to surge in currency assets, the Reserve Bank said on Friday.
Total reserves had declined by $56.8 million to $362.73 billion in the previous reporting week. Foreign currency assets (FCAs), a major component of the overall reserves, increased by $63.4 million to $339.783 billion in the reporting week, RBI said.