New Delhi, Jan. 25 -- India's foreign exchange reserves rose sharply, by USD 14.167 billion in the week that ended January 16, to USD 701.360 billion, driven by a jump in both gold reserves and foreign currency assets, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed. This followed a marginal rise in the previous week.

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

The country's foreign exchange (forex) kitty has been hovering near its all-time high of USD 704.89 billion, set in September 2024.

For the reported week (that ended January 16), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 560.518 billion, up USD 9.652 billion....