India's forex reserves increased by USD 223 million to reach a new all-time high of USD 689.458 billion for the week ended on September 13, according to Reserve Bank data released on Friday. The overall forex kitty had surged by USD 5.248 billion to a high of USD 689.235 billion for the previous reporting week ended on September 6.
It showed that for the week ended September 13, foreign currency assets, an important component of reserves, had however dipped by USD 515 million to USD 603.629 billion. 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.
Reserves jumped by USD 899 mn to USD 62.887 bn for the week gone by, Reserve Bank of India said. SDRs fell by USD 53 mn to USD 18.419 billion, the apex bank said. Reserve position with IMF fell to USD 4.523 billion from USD 4.631 billion in the reporting week, the apex bank data showed.
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