India’s forex reserves jumped by $4.368 billion to $693.318 billion during the week ended 19 December, the Reserve Bank said on Friday.The overall kitty had increased by $1.689 billion to $688.949 billion in the previous week.For the week ended 19 December, foreign currency assets, a major component of the reserves, rose by $1.641 billion to $559.428 billion, according to RBI data.Expressed in dollar terms, the foreign currency assets reflect the impact of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the reserves.The value of gold reserves increased by $2.623 billion to $110.365 billion during the week.Special Drawing Rights were up by $8 million to $18.744 billion, while India’s reserve position with the IMF rose by $95 million to $4.782 billion.
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India’s forex reserves rise by $4.36 billion to $693 billion
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