India Forex Reserves Hit $703bn in One Week

  Published 6 months ago

India's forex reserves rose to $702.97 bn, with gold, foreign assets, and SDRs increasing in the week.

  • Forex reserves jumped $4.698 bn, reaching $702.966 bn by September 12, RBI reported in the weekly data release
  • Foreign currency assets grew $2.537 bn to $587.014 bn, boosting overall reserve composition in this reporting period
  • Gold reserves rose $2.12 bn to $92.419 bn; SDRs and IMF position increased marginally during the week

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