India's forex reserves reach all-time high of $657 billion

India's foreign exchange (forex) reserves reached an all-time high of 657.155 billion US dollars during the week ended July 5, according to weekly data released by the country's central bank, the Reserve Bank of India (RBI).

The overall forex kitty rose by 5.16 billion dollars over the preceding week, reports Xinhua.

While the forex reserves' biggest component the foreign currency assets (FCAs) stood at $577.11 billion, the gold reserves stood at $57.432 billion, and the special drawing rights were at $18.036, showed the RBI data.

The FCAs registered a growth of $42.29 billion, while the gold reserves increased by over $904 million during the week.