India's forex reserves rise $4.84 billion to $702.78 billion

India?s foreign exchange reserves rose by $4.84 billion to $702.78 billion in the week ended June 27, the Reserve Bank of India (RBI) said on Friday, July 4.

Foreign currency assets surged by $5.75 billion to $594.82 billion. Gold reserves fell by $1.23 billion to $84.5 billion during the reported week, while special drawing rights (SDRs) rose by $158 million to $18.83 billion.

India?s reserve position with the International Monetary Fund (IMF) also increased by $176 million to $4.62 billion, central bank data showed.

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