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India's Forex Reserves Jump To $699 Billion
The Business Guardian
|June 22, 2025
India's foreign exchange reserves (forex) extended their gains, jumping USD 2.294 billion to USD 698.950 billion in the week ending June 13, official data released by the Reserve Bank of India showed.
At the latest monetary policy meet, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country's imports and about 96 per cent of external debt.
With this weekly jump, the forex kitty is close to its all-time high of USD 704.89 billion in September 2024.
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