India’s foreign exchange reserves rose by $1.68 billion to $688.94 billion during the week ended December 12, data released by the Reserve Bank of India (RBI) showed on Friday.
Foreign currency assets (FCAs), the largest component of the forex kitty, increased by $0.91 billion to $557.79 billion during the week.
India’s gold reserves rose sharply by $0.76 billion, taking the total gold holdings to $107.74 billion.
Special Drawing Rights (SDRs) with the International Monetary Fund increased slightly by $0.01 billion to $18.74 billion.
Meanwhile, India’s reserve position in the IMF also rose marginally by $0.01 billion, reaching $4.69 billion.