Mumbai (Maharashtra) [India], May 28 (ANI): Snapping 10 consecutive weeks of decline, India's foreign exchange (forex) reserves rose by USD 4.23 billion to USD 597.509 billion for the week ended May 20, the Reserve Bank of India (RBI) data showed.

This is the first increase in India's forex reserves in the past 11 weeks. The forex reserves had declined by USD 2.676 billion in the week ended May 13. India's forex reserves have fallen sharply after touching an all-time high of USD 642.453 billion on September 3, 2021.