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India's Forex Kitty at $634.59 Billion, Gold Reserves Rise by $824 Million
The Statesman Siliguri
|January 11, 2025
India's foreign exchange reserves fell by $5.7 billion to $634.59 billion for the week ended 3 January, data released by the Reserve Bank of India (RBI) on Friday showed.
However, gold reserves, which form part of the foreign exchange kitty, increased by $824 million to $67.1 billion during the week, according to the figures.
The RBI bought another 8 tonnes of gold in November 2024, as central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.
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