India’s forex reserves up by $3.51 billion to $694.2 billion in week ending August 29

India's foreign exchange reserves witnessed an increase of $3.51 billion, reaching $694.2 billion in the week ending August 29, according to RBI data. This follows a previous decline of $4.38 billion. The RBI occasionally intervenes in the forex market to manage rupee volatility, focusing on maintaining orderly market conditions through liquidity operations.