India takes leading role in calling for multilateral bank reforms
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
The country's foreign exchange reserves surged by $1.536 billion to touch a fresh life-time high of $392.867 billion during the week up to July 28, helped by rise in foreign currency assets (FCAs), the RBI data showed.
In the previous week, the reserves had increased by $2.27 billion to $391.33 billion.
FCAs, a major component of the overall reserves, rose by $1.609 billion to $368.759 billion, the data showed.
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Expressed in US dollar terms, FCAs include effect of appreciation or depreciation of non-US currencies such as the euro, the pound and the yen held in the reserves.
Gold reserves remained unchanged at $20.35 billion.
The special drawing rights with the International Monetary Fund (IMF) went up by $3.9 million to $1.495 billion.
The country's reserve position with the IMF declined by $77.2 million to $2.263 billion, the apex bank said.
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