New Delhi, March 22 -- India's foreign exchange reserves increased by $305 million to $654.27 billion in the week ended March 14, reaching a more than three-month high, according to Reserve Bank of India (RBI) data released on Friday.

In the previous week, reserves had jumped by $15.27 billion-the largest weekly surge since August 2021-partly due to the RBI's $10 billion forex swap. However, the latest rise was relatively modest, reflecting market interventions and revaluation effects, as reported by Reuters.

Breakdown of forex reserves

Foreign currency assets, a key component of reserves, declined by $96 million to $557.19 billion, while gold reserves increased by $66 million to $74.39 billion.

The RBI has been actively managing rupe...