<h1>India's Forex Reserves Jump by $5.57 Billion, Reaching $629.56 Billion After Previous Decline</h1> India's foreign exchange reserves rose by USD 5.574 billion, reaching USD 629.557 billion in the week ending January 24, according to the Reserve Bank of India (RBI). This increase follows a previous decline of USD 1.888 billion. The reserves had been decreasing due to revaluation and RBI's interventions in the forex market to stabilize the rupee. Foreign currency assets grew by USD 4.758 billion to USD 537.891 billion. Gold reserves increased by USD 704 million to USD 69.651 billion, while Special Drawing Rights and India's IMF reserve position also saw modest increases.