Foreign exchange reserves increased by $ 1.4 billion to $ 695.1 billion, RBI released data

As per statistics published by the Reserve Bank of India on Friday, India's foreign exchange reserves went up by $ 1.488 billion to $ 695.106 billion during the week ended August 15. The overall reserves had gone up by US$4.747 billion to US$693.618 billion in the last reporting week.

As per the figures, foreign currency assets, which form a large part of foreign exchange reserves, rose by $ 1.924 billion to $ 585.903 billion as of the week ended August 15. Foreign currency assets take into account the impact of appreciation or depreciation against the dollar of non-US units like the euro, pound, and yen in the foreign exchange reserves.

Gold reserves declined by USD 493 million to USD 85.667 billion during the week, the RBI said. Special drawing rights (SDRs) rose by USD 41 million to USD 18.782 billion, the apex bank said. India's reserve position with the IMF rose by USD 15 million to USD 4.754 billion in the week under review, according to RBI data.