India's Forex reserves increase by $4.54 bn to $674.66 bn as of August 16

India's Forex reserves increased by $4.54 billion to $674.66 billion as of August 16, as per data released by the Reserve Bank of India on Friday...

According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) grew by $3.61 billion to $591.57 billion..

Moreover, Reserve position in the IMF was up by $12 million to $4.65 billion.. . Forex reserves had touched an all time high of $675 billion as of August 2, but had fallen $4.8 billion on August 9...