Forex kitty expands to $702.9 bn, $4.7 bn added in a week; gold reserves rise $2.1 bn

India’s foreign exchange reserves witnessed a substantial increase of $4.698 billion, reaching $702.966 billion for the week ending September 12, according to the Reserve Bank of India’s data. This marks the second consecutive week of significant growth, driven primarily by a rise in foreign currency assets and a notable jump in gold reserves.