India's forex reserves climb to $695.10 billion

India's forex reserves surged by $1.48 billion to $695.10 billion for the week ending August 15, data by the Reserve Bank of India showed on Friday.

For the week ending on August 15, foreign currency assets, a major component of the reserves, increased $1.92 billion to $585.90 billion.

Gold reserves were down by $2.16 billion to stand at $86.16 billion during the week, the RBI said.

As per the data, India's reserve position with the IMF was up by $15 million at $4.75 billion in the reporting week.

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