Mumbai: India’s foreign exchange reserves rose by USD 1.488 billion to USD 695.106 billion during the week ended August 15, according to RBI data released on Friday.
In the previous reporting week, the overall reserves had risen by USD 4.747 billion to USD 693.618 billion.
Foreign currency assets, a key component of the foreign exchange reserves, rose by USD 1.924 billion to USD 585.903 billion in the week ended August 15, according to the data.
Expressed in dollars, foreign exchange assets include the impact of appreciation or depreciation of non-US units such as the euro, pound and yen held in the foreign exchange reserves.
Gold reserves declined by USD 493 million to USD 85.667 billion during the week, the RBI said.
The apex bank said that Special Drawing Rights (SDRs) rose by USD 41 million to USD 18.782 billion.
According to RBI data, India’s reserve position with the IMF rose by USD 15 million to USD 4.754 billion in the week under review.
