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India's forex reserves increased by $1.229 billion to reach $596.280 billion, the highest in nearly two months, with all components except SDRs showing growth.
India's forex reserves dropped by $1.318 billion to $593.749 billion in the week ending June 9, with foreign currency assets witnessing the largest decline. The country's forex reserves had climbed by $5.929 billion prior to the latest drop.
India's forex reserves fell for the second week in a row, dropping by $4.339bn in the week ending May 26. By the end of the week, the country's forex reserves stood at $589.138bn.
According to the Reserve Bank of India's (RBI) data supplement released on Friday, India's foreign exchange reserves climbed for a second consecutive week to reach a total of $586.41 billion, a level not seen in more than nine months.
For the reported week, the rupee ended 0.3% higher against the U.S. dollar. The Indian unit traded in a wide range of 81.8300 to 82.4550 to the dollar.