The Reserve Bank of India (RBI) said on Friday that for the week ending July 5, India's foreign exchange reserves increased by $5.158 billion to $657.155 billion. The preceding two weeks saw a decrease in the forex kitty, which fell by $1.713 billion to $651.997 billion for the week that ended on June 28.
On June 7 of this year, the reserves reached an all-time high of $655.817 billion.
According to figures issued on Friday, foreign currency assets - a significant part of the reserves—rose $4.228 billion to $577.11 billion for the week ending July 5.
The effect of non-US currencies like the euro, pound, and yen held in the foreign exchange reserves' appreciation or depreciation is included in the foreign currency assets, which are expressed in terms of dollars.
According to the RBI, gold reserves rose $904 million to $57.432 billion during the course of the week.
Furthemore, as per the the Apex bank, the Special Drawing Rights increased by $21 million to $18.036 billion.
The apex bank further stated, India's reserve position with the IMF increased by $4 million to $4.578 billion during the reporting week.
