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India’s foreign exchange reserves surged by $4 billion, reaching a record high of $670.86 billion as of July 19, according to data released by the Reserve Bank of India (RBI) on Friday.
The RBI’s Weekly Statistical Supplement indicated that foreign currency assets (FCAs) rose by $2.57 billion, totaling $588.05 billion.
Gold reserves saw an increase of $1.32 billion, amounting to $59.99 billion, while Special Drawing Rights (SDRs) climbed by $95 million to $18.20 billion.
The reserve position in the International Monetary Fund (IMF) remained steady at $4.60 billion.
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