India's Forex Reserves Surge to Near Record High

  Published 1 year 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.

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