For the week ended April 5, the foreign currency assets, a major component of the reserves, increased by USD 549 million to USD 571.166 billion, the data released on Friday showed.
India s forex reserves increased by $1.229 billion to reach $596.280 billion, the highest in nearly two months, with all components except SDRs showing growth.
India s forex reserves dropped by $1.318 billion to $593.749 billion in the week ending June 9, with foreign currency assets witnessing the largest decline. The country s forex reserves had climbed by $5.929 billion prior to the latest drop.
India s forex reserves fell for the second week in a row, dropping by $4.339bn in the week ending May 26. By the end of the week, the country s forex reserves stood at $589.138bn.
As per RBI s latest report, India s reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to $562.40 billion.