Market participants expect the reserves to rise going ahead as inflows from the foreign currency non resident bank FCNR(B) deposits start to trickle in.

India's forex reserves rose by USD 1.08 billion to USD 676.24 billion in the week ended July 17, led by higher foreign currency assets despite a fall in gold reserves.

Mumbai, Jul 24 (PTI) India’s forex reserves jumped by USD 1.08 billion to USD 676.237 billion during the week ended July 17, according to the RBI data released on Friday. In the…