India's forex reserves at an all-time high of $330.21 billion

The Reserve Bank of India's (RBI) foreign exchange reserves rose to an all-time high of $330.21 billion for the week ending February 6, shows RBI data released on Friday. 

The rise in reserves was $2.12 billion. This is the second consecutive all-time high. 

Foreign currency assets, a key component of reserves, rose by $1.63 billion to $304.96 billion.

The reserves have been rising because the central bank has been mopping up dollar flows through state-run banks in a bid to boost its foreign exchange reserves. 

The first time foreign exchange reserves had touched an all-time high of $322.14 billion in the week ending January 16.

However, after that in the following week reserves had dropped slightly before it again touch another all-time high in the week ending January 30 to $327.88 billion. 

During the week gold reserves rose by $805.3 million to $20.18 billion. 

For the week under review, the Special Drawing Rights (SDRs) rose by $ 21.8 million to $ 4.09 billion, while India's reserve position with the International Monetary Fund (IMF) was down $130.3 million to $977.8 million.