India's Forex Reserves Surge to Near Record High

  Published 11 months ago

India's forex reserves rose $5.17B to $696.66B, driven by foreign currency and gold gains, nearing the September 2024 record high.

  • Foreign currency assets jumped $3.47B to $587.69B, leading the weekly reserves rebound from a $1.24B drop.
  • Gold reserves climbed $1.58B to $85.88B, while SDRs and IMF positions rose by $102M and $14M, respectively.
  • Reserves hit $704.88B in September 2024, with current levels approaching that historic peak amid stable inflows.

You might like these

Cyient-Zinier Team Up for FSM Boost

Dreamfolks Services FY25: Mixed Results & Growth Plan

Mexico Inflation Rises, Rate Cuts in Doubt

BEML Confirms Govt Stake at 53.86%

Air India's Crisis: Tata's Struggles Post-Takeover

UB Breweries Stock Rises Post JP Morgan

Gold Hits Record Highs

News that matters the most ⚡