- India's forex reserves rose by $8.663 billion to a record $725.727 billion by Feb 13
- Forex reserves had dropped $6.711 billion to $717.064 billion in the previous week
- Foreign currency assets increased by $3.55 billion to $573.603 billion during the week
India's forex reserves jumped $8.663 billion to hit a new all-time high of $725.727 billion in the week ended February 13, the RBI said on Friday.
The overall forex reserves dropped $6.711 billion to $717.064 billion in the previous reporting week ended February 6. The previous all-time high of $723.774 billion was touched in January.
For the week ended February 13, foreign currency assets, a major component of the reserves, increased by $3.55 billion to $573.603 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 surged by $4.99 billion to $128.466 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $103 million to $18.924 billion, the apex bank added.
India's reserve position with the IMF was also up by $19 million to $4.734 billion in the reporting week, according to data.
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