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India's forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday.
This is the third consecutive week of a jump in the kitty, which had increased by $1.05 billion to $630.61 billion for the week ended January 31.
The reserves had been on a declining trend recently due to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee.
The forex reserves had increased to an all-time high of $704.88 billion at end-September 2024.
For the week ended February 7, foreign currency assets, a major component of the reserves, increased by $6.42 billion to $544.11 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by $1.31 billion to $72.21 billion during the week, RBI said.
The Special Drawing Rights (SDRs) were down by $11 million to $17.88 billion, the central bank said.
India's reserve position with the IMF was down by $71 million at $4.07 billion in the week under review, the apex bank data showed.