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India's Forex Reserves Rise to $693.6 Billion, Nearing Record High
The Business Guardian
|August 18, 2025
India's foreign exchange reserves surged by USD 4.75 billion to USD 693.62 billion in the week ending August 8, nearing record highs, according to RBI data.
India's foreign exchange reserves rose by USD 4.747 billion in the week that ended August 8 to USD 693.618 billion, driven by gains in both foreign currency assets and gold holdings, the Reserve Bank of India (RBI) said in its latest "Weekly Statistical Supplement".
In the preceding week, India's foreign exchange reserves reported a sharp decline, slipping USD 9.32 billion. Still, the forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024.
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