The Reserve Bank of India (RBI) said on Friday that for the week ending May 5, India’s foreign currency reserves increased by $7.196 billion to $595.976 billion.
During the previous reporting week, which ended on April 28, the total reserves decreased by $4.532 billion to $588.78 billion.
The nation’s foreign exchange holdings hit an all-time high of $645 billion in October 2021.
The reserves have been decreasing as the central bank utilized its funds to protect the rupee against pressures mostly brought on by international events.
According to RBI statistics, the foreign currency assets, a significant part of the reserves, rose by almost $6.536 billion to $526.021 billion for the week ended May 5.