China’s FX reserves up to $3.246t in March

China’s foreign exchange reserves increased by $19.8 billion to $3.246 trillion in March, surpassing the $3.21 trillion forecasted by analysts in a Reuters poll, Reuters reported on Sunday.

The yuan depreciated by 0.47 per cent against the dollar, while the dollar strengthened by 0.31 per cent against other major currencies.

China’s gold reserves also grew to 72.74 million fine troy ounces, valued at $161.07 billion at the end of March, up from 72.58 million ounces and $148.64 billion in February, respectively.