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Forex kitty swells past $700 bn

September 20, 2025

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The Morning Standard

The jump is due to rise in gold reserves by $2.1 bn and foreign currency assets by $2.5 bn

- BENN KOCHUVEEDAN @ Mumbai

IN a week when the rupee plunged to its lowest level of 88.47 (on Sept 11), forex reserves rose to near record high, crossing the $700 billion mark for the third time.

The forex reserve rose by $4.7 billion in the week-ending September 12. The reserves closed the week to September 12 at $702.97 billion, just shy of the record peak of $704.9 billion reached in the week to September 27, 2024.

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