Mumbai, Feb. 8 -- India's foreign exchange reserves reached another new all-time high in the week ended January 30, according to the Reserve Bank of India's latest data.

Foreign exchange reserves rose sharply by USD 14.361 billion in the week to USD 723.774 billion, driven by a jump in gold reserves while foreign currency assets dropped.

Over the past few weeks, the forex kitty has been largely in an uptrend.

Its previous high was USD 709.403 billion, touched in the previous week.

For the reported week (that ended January 30), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 562.392 billion, down USD 493 million.

The RBI data showed that gold reserves currently stand at USD 137.6...