Foreign exchange reserves rose by $643.2 million for the week ended July 11 to $317.04 billion, show Reserve Bank of India (RBI) data released on Friday. Foreign currency assets, a key component of reserves rose by $648.7 million to $290.22 billion. Gold reserves remained unchanged during the week.
For the week under review, the Special Drawing Rights (SDRs) fell by $4 million to $4.46 billion, while India's reserve position with the International Monetary Fund was down $1.5 million to $1.72 billion.
