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Forex reserves hit 7-month high of $690.6 B
The Daily 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.
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