India's forex reserves jump by $1.51 billion
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Mumbai: India's forex reserves rose $2.294 billion to $698.95 billion for the week ended June 13, the RBI said on Friday.
The overall reserves had increased by $5.17 billion to $696.65 billion for the previous reporting week ended June 6.
Forex reserves had touched an all-time high of $704.885 billion in end-September 2024.
For the week ended June 13, foreign currency assets, a major component of the reserves, rose by $1.739 billion to $589.426 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves were up by $428 million to $86.316 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) also rose by $85 million to $18.756 billion, the central bank said.
India's reserve position with the IMF also inched up by $43 million at $4.452 billion in the reporting week, the apex bank data showed.