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India's foreign exchange (forex) reserves rose by 1.05 billion US dollars to $630.607 billion during the week ended Jan. 31, showed the official data released by the country's central bank the Reserve Bank of India (RBI) on Friday.
This was the second consecutive week when India's forex reserves rose, after declining for several weeks in a row.
During the previous week, the forex reserves increased by $5.574 billion, reports Xinhua.
India's forex reserves reached an all-time high of $704.885 billion in September last year.
During the week ended Jan. 31, the foreign currency assets (FCAs), a major component of forex reserves, decreased by $207 million to $537.684 billion, according to the RBI data.
Gold reserves increased by $1.242 billion to $70.893 billion, while the Special Drawing Rights (SDRs) increased by $29 million to $17.889 billion.