India's Forex Reserves Increase To $631.92 Billion, Not Far From All-Time High of $642.453 Billion

India's forex reserves jump by $394 million to $631.92 billion in the latest week, not far away from its all-time high of $642.453 billion.

India's foreign exchange reserves increased by $394 million to $631.92 billion in the week that ended on March 4, not far away from its all-time high of $642.453 billion, according to the Reserve Bank data released on Friday.

During the reporting week that ended on March 4, the gain in the reserves was due to a rise in the foreign currency assets (FCA), a significant component of the overall reserves, showed the Reserve Bank of India's (RBI) weekly data.

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.

It touched a lifetime high of $642.453 billion in the week ended September 3, 2021.