India's Forex Reserves Jump $1.033 Billion to $687.26 Billion

• India's forex reserves increased by USD 1.033 billion to USD 687.26 billion for the week ending December 5.
• This follows a USD 1.877 billion drop in the previous reporting week.
• Foreign currency assets, a major component, decreased by USD 151 million to USD 556.88 billion.
• The value of gold reserves rose by USD 1.188 billion to USD 106.984 billion.
• Special Drawing Rights (SDRs) increased by USD 93 million, while the IMF reserve position decreased by USD 97 million.

Why It Matters: Increased forex reserves strengthen India's economic stability.