<h1>India's Forex Reserves Rise by $1.05 Billion to $630.607 Billion Amid Gold Reserve Growth</h1> India's foreign exchange reserves increased by USD 1.05 billion, reaching USD 630.607 billion for the week ending January 31, according to the Reserve Bank of India (RBI). This marks the second consecutive week of growth, following a previous increase of USD 5.574 billion. Despite recent declines due to revaluation and market interventions, reserves had peaked at USD 704.885 billion in September 2024. During the week, foreign currency assets decreased by USD 207 million, while gold reserves rose by USD 1.242 billion. Special Drawing Rights increased by USD 29 million, and India's IMF reserve position fell by USD 14 million.