India’s foreign exchange reserves increased by $856.6 million to $315.77 billion in the week ended June 27.
Foreign currency assets, which form a bulk of the reserves, rose $850.9 million to $288.81 billion in the reporting week. The RBI has been building up its reserves over the past few weeks as dollar inflows have improved.
Gold reserves remained unchanged at $20.79 billion.
Special Drawing Rights (SDRs) and the country’s reserve position in the IMF improved by $4 million and $1.7 million, respectively.