India's Forex Reserves Hit $702.78 Billion in Week Ending June 27

  Published 1 year ago

India's forex reserves rose $4.84B to $702.78B the week ended June 27, driven by foreign currency gains and SDRs, despite a gold dip.

  • Foreign currency assets rose $5.75B to $594.82B, leading India's forex reserves to increase in the week ending June 27.
  • Gold reserves fell $1.23B to $84.5B, slightly offsetting gains in foreign currency and SDRs during the week.
  • Special Drawing Rights (SDRs) rose $158M to $18.83B, and IMF reserves climbed $176M to $4.62B, contributing to the overall increase.

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