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India’s reserve position with the IMF was also up by $44 million to $4.75 billion in the reporting week.
India’s forex reserves jumped by another $14.36 billion to a new all-time high of $723.77 billion during the week ended January 30, the Reserve Bank said on Friday.
Illustration: Dado Ruvic/Reuters
Key Points
- Value of gold reserves soared by $14.59 billion to $137.68 billion
- Special Drawing Rights (SDRs) were up by $216 million to $18.95 billion
In the previous reporting week, the forex kitty had increased by $8.05 billion to $709.41 billion, surging past the earlier all-time high of $704.89 billion recorded in September 2024.
For the week ended January 30, foreign currency assets, a major component of the reserves, decreased by $493 million to $562.39 billion, the data released by the central bank showed.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Value of gold reserves soared by $14.59 billion to $137.68 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $216 million to $18.95 billion, the apex bank said.
India’s reserve position with the IMF was also up by $44 million to $4.75 billion in the reporting week, according to the apex bank’s data.
