Forex reserves rise $14 billion in best week in 10 months

India’s foreign exchange reserves rose by $14 billion in the week ended January 16, the highest weekly rise since the week ended March 7, 2025, latest data from the Reserve Bank of India (RBI) showed.

- ANJALI KUMARI

In the previous reporting week, the reserves had increased by $392 million to $687 billion.

The total reserves increased to $701.3 billion on the back of a rise in foreign currency assets which increased by $9.6 billion to $560 billion during the reported week. Additionally, gold reserves increased by $4.6 billion during the same period.

The total forex kitty now stands at the highest level in 13 weeks, since the week ended October 17, 2025. India’s forex reserves had hit a record high of $705 billion in September 2024.