India's Forex Reserves Hit $698.95 Billion in June

  Published 1 year ago

India's forex reserves rose $2.294B to $698.95B in the week ended June 13, driven by gains in foreign currency assets, gold, SDRs, and IMF reserves.

  • Foreign currency assets climbed $1.739B to $589.426B, the largest component of forex reserves.
  • Gold reserves increased $428M to $86.316B, reflecting higher global gold prices and strategic purchases.
  • SDRs and IMF reserve positions rose $85M and $43M, respectively, adding to overall liquidity buffers.

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