(source : ANI) ( Photo Credit : ani)
India’s foreign exchange reserves have climbed again, reaching a strong USD 698.268 billion for the week ending September 5. This marks a solid increase of USD 4.038 billion, thanks mostly to a boost in gold reserves, according to the latest update from the Reserve Bank of India (RBI).
The country’s forex kitty now sits just shy of its record high of USD 704.89 billion, hit back in September 2024. RBI’s Weekly Statistical Supplement highlights how gold reserves jumped to USD 90.299 billion, up by USD 3.530 billion in that single week. That’s a big win for India’s overall reserves!
Foreign currency assets (FCA), the biggest chunk of these reserves, also grew to USD 584.477 billion, adding USD 540 million during the period. RBI Governor Sanjay Malhotra recently noted after a policy review that this forex buffer comfortably covers 11 months of India’s imports— a reassuring sign for economic stability.
Looking back, India’s foreign exchange reserves added about USD 58 billion in 2023, bouncing back from a drop of USD 71 billion in 2022. In 2024, they rose by more than USD 20 billion. And so far in 2025, the reserves have surged by around USD 60 billion, showing steady growth.
What exactly are foreign exchange reserves? These are assets managed by the RBI, mostly in stable currencies like the US Dollar, with bits in Euros, Japanese Yen, and British Pounds. The RBI steps in to keep things steady—buying dollars when the rupee strengthens and selling them to stop it from weakening too much. This helps control liquidity and supports the Indian economy.
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