India’s foreign exchange reserves rose by 835 million dollars to touch a fresh lifetime high of 612.73 billion dollars in the week ended 16th July. A RBI press release informed that foreign currency assets, a major part of the overall reserves, increased by 463 million dollars to 568.748 billion dollars. In the previous week, the reserves had jumped by 1.883 billion dollars to 611.895 billion dollars.
The gold reserves went up by 377 million dollars in the reporting week to reach 37.34 billion dollars. Country’s special drawing rights with the International Monetary Fund went up by 1 million dollars to reach 1.548 billion dollars while reserve position with the IMF declined by 7 million dollars to 5.1 billion dollars.