Forex Update

India's foreign exchange reserves saw a sharp decline of USD 4.888 billion in the week ending May 16, 2025, bringing total holdings to USD 685.729 billion, according to data released by the Reserve Bank of India (RBI). This drop follows a significant gain of USD 4.553 billion in the previous week and comes just months after the reserves reached a record high of USD 704.885 billion in September 2024. The fall was driven largely by a substantial dip in gold reserves, even as foreign currency assets posted a modest increase.

India’s foreign exchange reserves witnessed a sharp rise of USD 4.553 billion, reaching USD 690.617 billion for the week ended May 9, 2025, according to data released by the Reserve Bank of India (RBI). The growth was largely driven by a significant jump in the country’s gold reserves, which increased by USD 4.518 billion. This recovery follows a dip in the previous week and reinforces India’s robust external position, even as minor declines were observed in other components such as Special Drawing Rights (SDRs) and the IMF reserve position.

India’s foreign exchange reserves declined by USD 2.065 billion to USD 686.064 billion for the week ended May 2, 2025, according to data released by the Reserve Bank of India (RBI). While foreign currency assets posted a modest rise, a sharp fall in gold reserves and other components such as Special Drawing Rights and India’s IMF position dragged the overall reserve figure lower. Despite the drop, reserves remain near historic highs, offering a solid buffer against external shocks.

India's foreign exchange reserves reached USD 686.145 billion for the week ending April 18, marking an increase of USD 8.31 billion. This marks the seventh consecutive week of growth in the country's forex reserves, further strengthening its financial position. The rise was driven by a significant jump in foreign currency assets and gold reserves. As India's forex reserves inch closer to their all-time high, the data showcases the continued resilience of the Indian economy in maintaining strong liquidity buffers amidst global uncertainties.

India's foreign exchange reserves rose sharply by USD 10.872 billion to reach USD 676.268 billion for the week ending April 4, 2025, marking the fifth straight weekly gain. The Reserve Bank of India (RBI) attributes this growth to favorable market conditions, foreign inflows, and strategic reserve management. With foreign currency assets contributing the largest share of the increase, followed by gains in gold holdings, Special Drawing Rights (SDRs), and IMF reserves, India is now better positioned to absorb global shocks, defend its currency, and attract investment.