India’s foreign exchange reserves rose by USD 3.51 billion to USD 694.23 billion for the week ending August 29, according to RBI data released on Friday.

In the previous week, reserves had fallen by USD 4.386 billion to USD 690.72 billion.

During the week under review, foreign currency assets (FCA)—the largest component of the reserves—went up by USD 1.686 billion, reaching USD 583.937 billion, the data showed.