India's forex reserves rise to $698.95 billion, up $2.29 billion as of June 13

India's foreign exchange reserves saw a rise, reaching $698.95 billion for the week ending June 13, according to RBI data. This increase was primarily driven by a $1.73 billion rise in foreign currency assets, which now stand at $589.42 billion. The RBI actively manages liquidity and intervenes in the market to maintain orderly conditions and prevent excessive rupee volatility.