1st LD: China's forex reserves end falling streak

China's foreign exchange reserves unexpectedly increased in March, ending a falling streak since November, central bank data showed on Thursday.

Foreign exchange reserves rose by 10.28 billion U.S. dollars from the previous month to top 3.21 trillion dollars in March, according to data from the People's Bank of China.

Minsheng Securities analysts attributed the increase to a steady yuan exchange rate as the U.S. interest rate hike worries eased as the domestic economy improved.

China's gold reserves stood at 71.49 billion U.S. dollars at the end of March, up from February's 71.01 billion U.S. dollars, according to the central bank data. Endi