Re­serves Slip a Bit from Peak to $355 bil­lion

The Economic Times - - Markets: Beating Volatility -

Mum­bai: Af­ter hit­ting a his­toric high last week, In­dia’s forex re­serves slumped slightly by $387.5 mil­lion to set­tle at $355 bil­lion for the week ended March 25, the Re­serve Bank said on Fri­day in its weekly sta­tis­ti­cal re­port. It had touched an all time high of $355.9 bil­lion as re­ported on March 18. As per NSDL data, till March-end, for­eign in­vestors con­tin­ued to in­vest in In­dian eq­ui­ties. FIIs have be­come net buy­ers af­ter be­ing net sell­ers for the months of Jan­uary and Fe­bru­ary as they in­vested .₹ 21,143 crore in In­dian eq­ui­ties and with­drew .₹ 1,476 crore from the In­dian debt mar­ket.—Our Bureau

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