Try GOLD - Free
Forex reserves hit 7-month high of $690.6 B
The Business Guardian
|May 19, 2025
India's foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed.
The previous all-time high was at USD 704.89 billion in September 2024.
After extending gains for the eighth straight week, forex kitty fell the next week, to again rise in the May 9 ending week. Barring the latest jump, forex reserves had slumped for about four months.
The latest RBI data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 581.373 billion.
This story is from the May 19, 2025 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
NIA court issues notice on Dr Shaheen's plea
The Delhi Blast Case accused Dr. Shaheen Saeed has moved a plea seeking permission to meet her husband Muzammil in judicial custody.
1 min
January 09, 2026
The Business Guardian
Chang and Dhol of Rajasthan: The Pulse of Desert Traditions
Rajasthan, a land of vibrant fairs, majestic forts, and colorful attire, resonates deeply with music.
2 mins
January 09, 2026
The Business Guardian
Tenor of Wangchuk's speech not to spread violence, but to end it: Wife
Jailed climate activist Sonam Wangchuk's wife, Gitanjali J Angmo, told the Supreme Court on Thursday that the tenor of her husband's speech was not to propagate violence, but to quell it, and facts are being manipulated to portray him as a criminal.
1 mins
January 09, 2026
The Business Guardian
Keystone High School students win second place at IIT Kharagpur Young Innovators Program
IBDP and Cambridge students develop assistive navigation device through a twoyear school design process Students from Keystone High School, Hyderabad, an IB and Cambridge school, secured second place at the 7th edition of the Young Innovators Program, organised by the Indian Institute of Technology Kharagpur.
2 mins
January 09, 2026
The Business Guardian
Suvendu seeks action against Mamata over ED ‘interference’
The Leader of Opposition in West Bengal Assembly, Suvendu Adhikari, on Thursday demanded strong legal action against Chief Minister Mamata Banerjee for allegedly interfering in the job of the Enforcement Directorate, which is probing a case of money laundering by a coal smuggling syndicate of West Bengal.
1 mins
January 09, 2026
The Business Guardian
India and Bangladesh need each other more than ever
India should help Bangladesh focus on the eggs, not the chicken's neck
4 mins
January 09, 2026
The Business Guardian
Mamata obstructing ED raids unbecoming of CM, shows links of corruption lead to her: BJP
The BJP on Thursday alleged that West Bengal Chief Minister Mamata Banerjee \"obstructed\" the Enforcement Directorate's probe into the coal smuggling case and took away evidence which could have led the sleuths to her \"doorsteps\".
1 min
January 09, 2026
The Business Guardian
Marking 1.75 million sq. ft of development, Platinum Corp. targets 3.5 million sq. ft in prime Western suburbs and revenues of Rs 3,500 cr.
In the fifteen years since its inception, Platinum Corp. has essayed a pivotal role in the transformation of Mumbai's real estate landscape - backed by their strong ethos of blending luxury with value, the group has established a strong and consistent execution record that encompasses over 1.75 million sq. ft. of high-quality real estate, creating longterm value for more than 1,500 families.
1 mins
January 09, 2026
The Business Guardian
MADHAV GADGIL'S LIFE IN ECOLOGY, COMMUNITY AND DISSENT
In 1986 Gadgil played a pivotal role in establishing the Nilgiri Biosphere Reserve, India's first UNESCO-recognised biosphere reserve.
9 mins
January 09, 2026
The Business Guardian
NGT pulls up Delhi government over waste management lapses, seeks fresh reports
The National Green Tribunal (NGT) has raised serious concerns over the Delhi government's failure to regularly report on solid and liquid waste management and has directed the Chief Secretary of the Government of NCT of Delhi to submit detailed progress reports, especially on sewage management.
1 mins
January 09, 2026
Listen
Translate
Change font size