India's foreign exchange reserves rose for a second straight week and stood at $630.6 billion as of January 31, the Reserve Bank of India Governor Sanjay Malhotra said on Friday. The reserves increased by $1.

India forex reserves have jumped $1.05 billion surging to $630.61 billion, as of January 31. India's forex reserves have surged for the second consecutive week. Apart from this, the Reserve Bank of India said that gold reserves climbed by USD 1.

The Forex reserves started falling since they touched an all-time high of USD 704.89 billion in September. They are now about 10 percent lower from its peak. The decline in reserves is most likely due to RBI intervention,

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The overall reserves had increased by $5.574 billion to $629.

India's foreign exchange reserves surged by USD 5.574 billion to USD 629.557 billion as of January 24, reversing a recent declining trend. The increase is attributed to foreign currency assets and gold reserves,

Reserve Bank of India Governor Sanjay Malhotra on Friday said the bank's forex policy has remained consistent, in favour of orderly and stable market operation and it does not target any exchange rate.