Forex watch: India's reserves up $1.4 bn to $695.1 bn, gold holdings see dip

India's foreign exchange reserves experienced a rise of $1.488 billion, reaching $695.106 billion during the week ending August 15, according to RBI data. This increase was primarily driven by a surge in foreign currency assets, while gold reserves saw a slight dip. These reserves act as a crucial buffer against external economic vulnerabilities.