Mumbai: India’s forex reserves jumped by $816 million to $653.711 billion for the week ended June 21, the RBI said on Friday.
In the previous reporting week, the overall reserves had dropped by $2.922 billion to $652.895 billion. The all-time high for the reserves is at $655.817 billion achieved on June 7.
For the week ended June 21, foreign currency assets, a major component of the reserves, decreased by $106 million to $574.134 billion, the data released on Friday showed. The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by $988 million to $56.956 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $57 million to $18.049 billion, the apex bank said.
India’s reserve position with the IMF was down by $9 million to $4.572 billion in the reporting week, the apex bank data showed.