India's Forex reserves increase by $4.54 billion to $674.66 billion as of August 16

India's Forex reserves saw an increase of $4.54 billion to reach $674.66 billion as of August 16, according to the RBI. Foreign currency assets (FCAs) grew by $3.61 billion to $591.57 billion, while gold reserves surged by $865 million to $601.04 billion. SDRs rose by $60 million to $18.34 billion, and the Reserve position in the IMF increased by $12 million to $4.65 billion.