India's forex reserves jump $4.546 billion to $674.664 billion

Indias forex reserves jumped by $4.546 billion to $674.664 billion during the week ended August 16, according to the latest RBI data.

In the previous week, the forex kitty had dropped by $4.8 billion to $670.119 billion. On August 2, the overall reserves hit an all-time high of $674.919 billion.

The foreign currency assets, a major component of the reserves, increased by $3.609 billion to $591.569 billion, the RBI data showed.

Gold reserves increased by $865 million to $60.104 billion during the week ended August 16. The special drawing rights (SDRs) were up by $60 million to $18.341 billion.

Indias reserve position with the IMF was up by $12 million to $4.65 billion during the week, said the RBI.

 

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