India's forex reserves jumped by USD 7.533 billion to a new record high of USD 674.919 billion for the week ended August 2, the Reserve Bank said on Friday.

The overall kitty had dropped by USD 3.471 billion to USD 667.386 billion in the previous reporting week ended July 26. The previous high for the reserves had stood at USD 670.857 billion, reached on July 18.

For the week ended August 2, foreign currency assets, a major component of the reserves, increased by USD 5.162 billion to USD 592.039 billion, the data released on Friday showed.