India 's foreign exchange reserves are making new records every week. In this connection, the country's foreign exchange reserves have once again made a new record. India's foreign exchange reserves increased by $ 12.59 billion in the week ending September 27 to a new lifetime high of $ 704.88 billion. Let us tell you that the increase of $ 12.59 billion last week is one of the biggest increases so far. Not only this, India's foreign exchange reserves have crossed $ 700 billion for the first time. 

Foreign exchange reserves have continued to rise for the last several weeks

In the previous week (week ending on September 20), the country's foreign exchange reserves had increased by $ 2.84 billion to reach $ 692.29 billion. In the week ending on September 13, the country's foreign exchange reserves increased by $ 223 million to a new all-time high of $ 689.46 billion. Earlier, in the week ending on September 6, India's foreign exchange reserves reached a new record level of $ 689.23 billion with a jump of $ 5.25 billion.

The value of gold reserves also increased by $ 2.18 billion

According to the data released by the Reserve Bank of India (RBI) on Friday, in the week ended September 27, foreign currency assets, which are considered an important part of the currency reserves, increased by $ 10.47 billion to $ 616.15 billion. Foreign currency assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves. During this period, the value of the country's gold reserve also increased by $ 2.18 billion to $ 65.79 billion. 

IMF's reserves fell by $71 million

Apart from this, the Special Drawing Rights (SDR) increased by $ 8 million to $ 18.55 billion. According to the data of the Reserve Bank of India, India's reserve with the International Monetary Fund (IMF) fell by $ 71 million to $ 4.39 billion in the week ended September 27.