- India's forex reserves rose by $14.167 billion to $701.36 billion in the week ended Jan 16
- Reserves had increased by $392 million in the previous week to $687.193 billion
- Foreign currency assets grew by $9.652 billion to $560.518 billion during the week
India's foreign exchange reserves jumped by $14.167 billion to $701.36 billion during the week ended Jan. 16, the Reserve Bank said on Friday.
The overall reserves had increased by $392 million to $687.193 billion in the preceding week.
The reserves climbed to an all-time high of $704.89 billion in September 2024, but have been under pressure lately, especially as the currency buffers get deployed to check undue volatilities in the rupee.
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During the week ended Jan.16, foreign currency assets, a major component of the reserves, jumped by $9.652 billion to $560.518 billion, the data released by the central bank showed.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Value of the gold reserves jumped by $4.623 billion to $117.454 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $35 million to $18.704 billion, the apex bank said.
India's reserve position with the IMF was also down by $73 million to $4.684 billion in the reporting week, according to the apex bank's data.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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