India's forex reserves jumped by $2.759 billion to $623.2 billion in the week ended Dec. 29, the Reserve Bank said on Friday.
In the previous reporting week, the overall reserves had increased by $4.471 billion to $620.441 billion.
In October 2021, the country's forex kitty had reached an all-time high of $645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
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For the week ended Dec. 29, the foreign currency assets, a major component of the reserves, increased by $1.869 billion to $551.615 billion, as per the data from the Reserve Bank of India (RBI).
Expressed in dollar terms, 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 were up by $853 million to $48.328 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $38 million to $18.365 billion, the apex bank said.
India's reserve position with the IMF was down by $2 million to $4.892 billion in the reporting week, the apex bank data showed.
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