In the previous recorded data for week ending January 9, the reserves stood at $687.19 billion.
Foreign currency assets (FCAs), which form the bulk of the reserves, stood at $560.52 billion, up by $9.65 billion during the week. FCAs in dollar terms account for changes in asset values as well as shifts in major non-US currencies such as the euro, pound sterling, and yen held in the RBI’s reserve basket.
Gold holdings rose by $4.62 billion to $117.45 billion over the week, while Special Drawing Rights (SDRs) dipped slightly by $35 million to $18.704 billion. India’s reserve position with the IMF declined by $73 million, standing at $4.684 billion as of January 16.
The RBI closely monitors developments in the foreign exchange market and intervenes when necessary to maintain orderly conditions. Such actions are aimed at limiting excessive volatility in the rupee and are not linked to defending any specific exchange rate level or band.