Forex reserves cross USD 700 billion: RBI Reports
STC NEWS MONITORING DESK
SEPTEMBER 25 (STC): India’s foreign exchange reserves were recorded at USD 702.966 billion in the week ending September 12, rising by USD 4.698 billion, reveals
the Reserve Bank of India’s (RBI) latest Weekly Statistical Supplement. This marks the third consecutive weekly increase.
The RBI data showed that foreign currency assets (FCA), the largest component of forex reserves, climbed to USD 587.014 billion, up by USD 2.537 billion. Gold reserves also surged, rising by USD 2.12 billion to reach USD 92.419 billion.
RBI Governor Sanjay Malhotra said India’s foreign exchange holdings are now sufficient to cover 11 months of imports.
According to a report, India added around USD 58 billion to its forex reserves in 2023, reversing a cumulative decline of USD 71 billion in 2022. In 2024, reserves grew by over USD 20 billion, while in 2025 so far, they have risen by about USD 53 billion.
Forex reserves are assets held by a country’s central bank, primarily in major global currencies such as the US dollar, with smaller portions in the euro, Japanese yen, and pound sterling.
(Straight Talk Communications)
