Overview

• RBI data show total reserves rose by $4.038 billion to $698.268 billion in the latest week.
• Gold holdings increased by $3.53 billion to about $90.3 billion, reflecting valuation gains.
• Foreign currency assets are reported at roughly $584.48 billion, with outlets differing on whether they rose or fell by about $540 million in the week.
• SDRs dipped by $34 million to $18.742 billion, while the IMF reserve position edged up $2 million to $4.751 billion.
• The rupee touched a record low near 88.46 per dollar this week, and the RBI continued intermittent market operations to steady trading as reserves sit close to the $704.89 billion peak and cover roughly 11 months of imports.