MUMBAI: India’s foreign exchange (Forex) reserves increased by $1.19 billion as on March 23, official data showed.

According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall Forex reserves rose to $422.53 billion from $421.33 billion reported for the week ended March 16.

In addition, the country’s gold reserves value rose by $52.7 million to $21.61 billion.

Similarly, the SDRs value increased. It inched up by $3 million to $1.54 billion, while the country’s reserve position with the IMF edged up by $4 million to $2.08 billion.