Gold reserves were up by $760 million to $37.644 billion in the reporting weekThe country's foreign exchange reserves surged by $ 9.427 billion to record high of $ 620.576 billion in the week ended July 30, according to the latest RBI information.
In the previous week ended July 23, the reserves had actually declined by $ 1.581 billion to $ 611.149 billion.
In the reporting week ended July 30, the rise in the reserves was on the back of an increase in foreign currency assets (FCAs), a significant component of the overall reserves, the Reserve Bank of India's (RBI) weekly information released on Friday showed.FCA increased by $ 8.596 billion to $ 576.224 billion in the reporting week.
Revealed in dollar terms, the foreign currency properties consist of the result of gratitude or devaluation of non-US systems like the euro, pound and yen held in the foreign exchange reserves.Gold reserves were up by $ 760 million to $ 37.644 billion in the reporting week, the data showed.
The unique illustration rights (SDRs) with the International Monetary Fund (IMF) rose by $ 6 million at $ 1.552 billion.The country's reserve position with the IMF also increased $ 65 million to $ 5.156 billion in the reporting week, the information showed.