Mumbai, India’s foreign exchange reserves rose by US$ 3.51 billion to US$ 694.23 billion in the week ended August 29, the Reserve Bank of India (RBI) said on Friday.
The total reserves had declined by US$ 4.386 billion to US$ 690.72 billion in the previous reporting week.
Foreign currency assets, a major component of foreign exchange reserves, rose by US$ 1.686 billion to US$ 583.937 billion in the week ended August 29, according to the latest data.
Expressed in dollars, foreign currency assets include the impact of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the foreign exchange reserves.
The RBI said gold reserves rose by US$ 1.766 billion to US$ 86.769 billion during the week.
The apex bank said that Special Drawing Rights (SDRs) rose by USD 40 million to USD 18.775 billion.
India’s reserve position with the IMF also rose by USD 18 million to USD 4.749 billion in the week under review, according to RBI data.
