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India's forex reserves jump $2.56 bn to $644.15 bn

India's forex reserves jumped USD 2.561 billion to USD 644.151 billion for the week ended May 10, the Reserve Bank of India (RBI) said.

  • In the previous reporting week, the kitty had increased USD 3.668 billion to USD 641.59 billion after three consecutive weeks of decline.
  • For the week ended April 5, the reserves had hit an all-time high of USD 648.562 billion following multiple weeks of rise.
  • For the week ended May 10, the foreign currency assets, a major component of the reserves, increased by USD 1.488 billion to USD 565.648 billion, the data released showed.

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