India’s foreign exchange (forex) reserves increased by $614.6 million to $316.39 billion in the week ended July 4.

Foreign currency assets, which form a bulk of the reserves, rose $760.6 million to $289.57 billion in the reporting week.

Gold reserves dropped $155.5 million to $20.63 billion.

Special Drawing Rights (SDRs) and the country’s reserve position in the IMF improved by $6.9 million and $2.6 million, respectively.

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