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Forex reserves decline to $689 bn
The Business Guardian
|August 11, 2025
India's foreign exchange reserves (forex) reported a sharp decline, slipping USD 9.32 billion to USD 688.871 billion in the week ending August 1, official data released by the Reserve Bank of India showed.
At the latest monetary policy meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country's imports.
Despite this weekly dip, the forex kitty is close to its all-time high of USD 704.89 billion touched in September 2024.
The latest RBI data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 581.607 billion.
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