India's Forex Reserves Rise to $675.16 Billion
India's forex reserves rose by $964 million to $675.16 billion, driven by gains in foreign currency assets.
Mumbai, July 17 (IANS) India's foreign exchange reserves increased by $964 million to $675.16 billion for the week ended July 10, according to data released by the Reserve Bank of India (RBI) on Friday.
The latest increase follows a sharp rise of $7.26 billion in the previous reporting week, when the country's forex reserves had climbed to $674.19 billion after reversing the decline recorded earlier.
According to the RBI, foreign currency assets (FCAs), the largest component of the country's forex reserves, rose by $930 million to $546.51 billion during the week under review.