The addition was on account of $2.6 billion rise in foreign currency assets, according to official data. Foreign currency assets stood at $527.651 billion. Reserves held in gold fell $324 billion to $45.049 billion.
Healthy foreign portfolio investment helped the reserves to rise over the past six to eight months.
“Foreign portfolio investment flows have seen a significant turnaround in 2023-24 led by equity flows. The net FPI inflows stand at $8.4 billion during the current financial year up to June 6, 2023 as against net outflows in the preceding two years – $14.1 billion in 2021-22 and US$ 5.9 billion in 2022-23,” RBI said.
Net foreign direct investment flows to India were $28 billion in 2022-23 compared to $38.6 billion in the previous year.