Mumbai: India's foreign exchange reserves surged for the seventh straight week, rising by USD 813.2 million to USD 317.85 billion in the week ended July 18 on the back of a healthy rise in the core currency assets, the RBI said on Friday.
The total reserves had risen USD 643.2 million to USD 317.03 billion in the previous reporting week.
All-time high for the reserves was USD 321 billion in late 2011.
Foreign currency assets (FCAs), a major constituent of the overall reserves, rose USD 829.1 million to USD 291.05 billion in the period under review, the Reserve Bank said in its weekly statement here.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves. Gold reserves remained unchanged at USD 20.634 billion in the reporting week.
The special drawing rights were down USD 11.5 million to USD 4.451 billion, and India's reserve position with the IMF also dipped USD 4.4 million to USD 1.712 billion in the period under review, the central bank said.
