China's foreign exchange re
China’s foreign exchange reserves rose in March, official data showed on Friday, as the dollar fell against other major currencies.
The country’s foreign exchange reserves – the world’s largest – rose $51 billion to $3.184 trillion last month, compared with $3.149 trillion tipped by a Reuters poll of analysts and up from $3.133 trillion in February.
The yuan rose 0.86 per cent against the dollar in March, while the dollar fell 2.3 per cent against a basket of other major currencies.
China held 66.50 million fine troy ounces of gold at the end of March, up from 65.92 million at end-February.
The value of China’s gold reserves rose to $131.65 billion at the end of March from $120.28 billion at end-February.
www.deccanherald.com