<ul><li>India's foreign exchange reserves rose to $692.7 billion for the week ending on May 23, marking an addition of $7 billion over the previous reporting week.</li><li>Foreign investors withdrew over $6.6 billion from India's debt and equity markets this year, according to data from the National Securities Depository Ltd.</li><li>Foreign currency assets, a major component of the reserves, increased by $4.5 billion to $586 billion, while gold reserves decreased by $2.4 billion to $83.5 billion during the week.</li><li>India ranks as the fourth-largest holder of foreign exchange reserves, with holdings sufficient to cover nearly a year of imports, after China, Japan, and Switzerland.</li></ul>

India's Forex Reserves Rises To $693 Billion

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