India's forex reserves hit six-month high after $9.9B weekly jump
India's foreign exchange reserves jumped $9.9 billion to $716.90 billion in the week ended August 14, a second consecutive surge. The Reserve Bank's FCNR(B) deposit window, which has pulled in about $57 billion in foreign currency inflows, drove much of the gain: foreign currency assets rose $7.2 billion while gold climbed $2.67 billion. The kitty now sits within sight of its February record near $728 billion.