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of <h1>India's Forex Reserves Surge by $7.654 Billion, Reaching $638.261 Billion as of February 7</h1> India's foreign exchange reserves increased by USD 7.654 billion, reaching USD 638.261 billion as of February 7, according to the Reserve Bank of India. This marks the third consecutive week of growth, following a previous increase to USD 630.607 billion. The rise in reserves comes after a period of decline attributed to revaluation and market interventions to stabilize the rupee. The foreign currency assets rose by USD 6.422 billion, while gold reserves grew by USD 1.315 billion. Conversely, Special Drawing Rights and India's IMF reserve position decreased by USD 11 million and USD 71 million, respectively.
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