New Delhi, Jan. 31 -- India's foreign exchange reserves reached a new all-time high in the week ended January 23, according to the Reserve Bank of India's latest data.

Foreign exchange reserves rose sharply by USD 8.053 billion in the week to USD 709.413 billion, driven by a jump in both gold reserves and foreign currency assets.

Over the past few weeks, the forex kitty has been largely in an uptrend.

Its previous high was USD 704.89 billion, touched in September 2024.

For the reported week (that ended January 23), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 562.885 billion, up USD 2.367 billion.

The RBI data showed that gold reserves currently stand at USD 123.088 billion, ...