India's forex reserves increased by $5.17 billion to $696.66 billion for the week ending June 6, according to data by the Reserve Bank of India on Friday. India's foreign exchange reserves stood at $691.5 billion as of May 30, down $1.2 billion from the previous week and coming off near-eight-month highs, announced Reserve Bank of India governor Sanjay Malhotra said while announcing MPC decisions. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. For the week ending on June 6, foreign currency assets, a major component of the reserves, increased $3.47 billion to $587.69 billion, the data released on Friday showed.