# Forex reserves jump $14.14 billion to $707 billion 2026-08-14T18:12:32+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets India's foreign exchange reserves surged by $14.14 billion to $707 billion for the week ended August 7, marking one of the biggest weekly expansions, the Reserve Bank said on Friday. Foreign currency assets rose $9.95 billion to $574.62 billion, while gold reserves climbed $3.99 billion to $108.74 billion. Special drawing rights increased $79 million to $18.74 billion, and the IMF reserve position rose $116 million to $4.89 billion. The RBI and government launched measures in July, including the FCNR(B) scheme, which has drawn reported inflows of $40 billion. The reserves had hit an all-time high of $728.49 billion in February before falling due to the Middle East conflict and RBI dollar sales to defend the rupee. ## Coverage - rediff.com - thehindu.com Tags: FCNR(B), India, RBI, West Asia Canonical: https://indianopinion.org/forex-reserves-jump-14-14-billion-to-707-billion/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/forex-reserves-jump-14-14-billion-to-707-billion/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.