It was another week of India’s forex reserves increasing and bulking up the country’s reserve kitty by another USD 1.488 billion.
In the week that ended August 15, the reserves were at USD 695.106 billion, revealed RBI data that was released on Friday.
In the previous reporting week, the overall reserves had increased by USD 4.747 billion to USD 693.618 billion.
For the week ended August 15, foreign currency assets, a major component of the reserves, climbed by USD 1.924 billion to USD 585.903 billion, the data showed.
Also Read: Forex reserves drop to USD 688.87 bn
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.
The gold reserves, however, decreased by USD 493 million to USD 85.667 billion during the week, the central bank said.
The Special Drawing Rights (SDRs) were up by USD 41 million to USD 18.782 billion, the apex bank said.
India's reserve position with the IMF was higher by USD 15 million at USD 4.754 billion in the reporting week, the RBI data showed.
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