![\"India's](\"https:\/\/static.toiimg.com\/thumb\/msid-131531140,imgsize-891938,width-400,height-225,resizemode-4\/-.jpg\")
<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\nIndia’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, snapping the previous week’s decline, according to data released by the Reserve Bank of India (RBI<\/a>) on Friday.In the preceding reporting week, the country’s forex reserves had fallen by $7.511 billion to $681.384 billion, reported PTI.India’s reserve stock had touched an all-time high of $728.494 billion in the week ended February 27 before coming under pressure following the outbreak of the Middle East conflict. The tensions led to several weeks of reserve depletion as the RBI intervened in the foreign exchange market through dollar sales to support the rupee.Prime Minister Narendra Modi has also made multiple public appeals since May 11 urging citizens to help conserve foreign exchange by reducing foreign travel, limiting fuel consumption and avoiding gold<\/a> purchases for a year.<\/p>\n According to the RBI data, foreign currency assets (FCAs), the largest component of the reserves, increased by $3.116 billion to $546.148 billion during the reporting week.Expressed in dollar terms, FCAs include the impact of appreciation or depreciation of non-US currencies such as the euro, pound sterling and yen held in the reserves.<\/p>\n The value of the country’s gold reserves declined by $2.186 billion to $112.6 billion during the week, the RBI said.The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $18.747 billion.India’s reserve position with the IMF increased by $8 million to $4.826 billion during the reporting week, according to the central bank’s data.<\/div>\n<\/div>\nForeign currency assets rise
<\/h2>\n<\/p>\nGold reserves decline
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