India's forex reserves climb for 8th straight week

India's foreign exchange reserves (Forex) rose by USD 1.983 billion to USD 688.129 billion in the week that ended on April 25, extending gains for the eighth straight week, official data released by the Reserve Bank of India (RBI) this week showed.

The RBI data shows that foreign currency assets (FCAs) witnessed an uptick of USD 2.168 billion reaching at USD 580.663 billion.

In the reported week, the gold reserves with the RBI declined by USD 207 million, standing at USD 84.365 billion.

The Special Drawing Rights (SDRs), which are kept with the International Monetary Fund (IMF), witnessed a rise reaching USD 18.589 billion, up USD 21 million in the reporting week.

India's foreign exchange reserves rose USD 8.310 billion to USD 686.145 billion in the week that ended on April 18.

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