Mumbai, Aug. 14 -- India's foreign exchange reserves jumped by USD 14.14 billion to USD 707 billion during the week ended August 7, according to data released by the Reserve Bank of India (RBI) on Friday.

The sharp weekly increase was driven largely by a rise in foreign currency assets and gold reserves, data from the RBI's Bulletin, Weekly Statistical Supplement, highlighted.

Foreign currency assets (FCA), the largest component of the country's forex reserves, increased by USD 9.95 billion during the week to USD 574.63 billion.

Gold reserves also recorded a substantial increase, rising by USD 4.00 billion during the week to USD 108.74 billion.

The country's Special Drawing Rights (SDRs) rose by USD 0.08 billion to USD 18.75 billion, ...