India's Forex Reserves Surge to $690 Billion

  Published 1 year ago

India's foreign exchange reserves rose by $4.553 billion to $690.617 billion as of May 9th, primarily driven by a significant increase in gold holdings, according to the RBI. This reflects a strengthening economic position.

  • Gold reserves saw a substantial $4.518 billion increase.
  • Foreign currency assets climbed by $196 million.
  • SDRs & IMF reserves experienced slight declines.

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