New Delhi, June 1 -- India's foreign exchange reserves (forex) jumped USD 6.992 billion to USD 692.721 billion in the week ending May 23, official data released by the Reserve Bank of India showed.

Estimates suggest that India's foreign exchange reserves sufficiently cover approximately 10-12 months of projected imports.

With this weekly jump, the forex kitty is quite close to its all-time high of USD 704.89 billion, reached in September 2024.

The latest RBI data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 586.167 billion.

The gold reserves currently amount to USD 83.582 billion, according to RBI data.

Central banks worldwide are increasingly accumulating safe-ha...