India's Forex Reserves Hit $698.95 Billion in June

  Published 11 months 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.

You might like these

Deepak Nitrite FY25: Mixed Results & Expansion Plans

Airtel Launches All-in-One Entertainment Packs

Vijaya Diagnostic Q1 Profit Surges

ACME Wins 50MW FDRE Project

Yanbu Hydrogen Hub Teams Up with L&T

Trent Slides on Downgrade, Weak Q1 View

Hexaware Sees Modest Q2 Growth

News that matters the most ⚡