India’s foreign exchange reserves stood at $702.9 billion as on September 12, data released by the RBI on Friday showed. This is an increase of $4.69 billion from $698.3 billion.
At the current level, the reserves are shy of $4 billion from the record high of $704.9 billion reached in late September 2024.
The value of gold reserves jumped by $2.1 billion compared to the previous week at $92.42 billion. Meanwhile, the foreign currency assets rose to $587.04 billion, up $2.5 billion from the previous week.
The SDRs were up were up $32 million to $18.73 billion and the reserve position in the IMF rose $9 million to $4.76 billion.