India’s forex reserves rose by USD 1.488 billion to USD 695.106 billion during the week ended August 15, according to RBI data released on Friday. In the previous reporting week, the overall reserves had increased by USD 4.747 billion to USD 693.618 billion. For the week ended August 15, foreign currency assets, a major component of the reserves, climbed by USD 1.924 billion to USD 585.903 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units held in foreign exchange reserves.