Mumbai, Aug 24: India's foreign exchange reserves touched a record high of $60.63 billion during the week ended August 16 due to continued revaluation of the US dollar vis-a-vis the euro and other international currencies. In the reporting week, the forex reserves surged by $609 million to reach $60,639 million.

The previous high was recorded at $60,148 million for the week ended August 2. However, the reserves had declined by $161 million for week ended August 9.

According to the Reserve Bank of India's weekly supplement issued on Saturday, the foreign currency assets rose by $612 million to $57,381 million.
Gold reserves remained static at $3,248 million while special drawing rights declined by $3 million to $10 million, the apex bank stated. Bureau Report