The previous all-time high of $723.77 billion was touched in January.
Illustration: Dado Ruvic/Reuters
Key Points
- The overall forex reserves dropped $6.71 billion
- Value of the gold reserves surged by $4.99 billion
- India’s reserve position with the IMF was also up by $19 million
India’s forex reserves jumped $8.663 billion to hit a new all-time high of $725.73 billion in the week ended February 13, the RBI said on Friday.
The overall forex reserves dropped $6.71 billion to $717.06 billion in the previous reporting week ended February 6.
The previous all-time high of $723.77 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 $573.6 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 $128.47 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $103 million to $18.92 billion, the apex bank added.
India’s reserve position with the IMF was also up by $19 million to $4.73 billion in the reporting week, according to data.
