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The forex kitty had decreased for the previous two weeks, falling from USD 651.997 billion on June 28 by 1.713 billion.

India’s forex holds hopped USD 5.158 billion to USD 657.155 billion during the week finished July 5, the Save Bank of India (RBI) said on Friday. The forex kitty had decreased for the previous two weeks, falling from USD 651.997 billion on June 28 by 1.713 billion. As of June 7 of this year, the reserves had reached an all-time high of USD 655.817 billion.

According to data released on Friday, foreign currency assets, a significant component of the reserves, increased by USD 4.228 billion to USD 577.11 billion for the week ending July 5.

The effect of the appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves is included in the foreign currency assets, which are expressed in terms of dollars.

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According to the RBI, gold reserves increased by USD 904 million during the week to USD 57.432 billion.

According to the apex bank, the Special Drawing Rights increased by USD 21 million to USD 18.036 billion. According to data from the apex bank, India’s reserve position with the IMF increased by USD 4 million to USD 4.578 billion during the reporting week.