The Reserve Bank of India (RBI) said on Friday that India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7.
For the week ended July 7, the foreign currency assets, a major component of the reserves, increased USD 989 million to USD 528.968 billion, according to the Weekly Statistical Supplement released by the RBI.
In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion.
The country’s forex kitty had reached an all-time high of USD 645 billion in October 2021.
While gold reserves were up USD 228 million to USD 44.06 billion.
The Special Drawing Rights (SDRs) were down USD 4 million to USD 18.235 billion, as per the RBI.
