NEW DELHI, June 21 -- India's foreign exchange reserves (forex) extended their gains, jumping USD 2.294 billion to USD 698.950 billion in the week ending June 13, official data released by the Reserve Bank of India showed. At the latest monetary policy meet, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country's imports and about 96 per cent of external debt.

With this weekly jump, the forex kitty is close to its all-time high of USD 704.89 billion 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 589.426 billion.

According to RBI data, the gold reserves currently amount to USD ...