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Bloomberg Quint

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Image Credit: Bloomberg Quint

India's Forex Reserves Rise To $697 Billion, Nears Record

  • India's foreign exchange reserves rose to $696.7 billion nearing last year's peak.
  • The country's forex reserves increased by $5.2 billion over the previous reporting week.
  • RBI's forex holdings have been recovering from a dip, reaching $700 billion in September.
  • Foreign investors withdrew $10.3 billion from India's debt and equity markets in 2025.
  • Foreign currency assets in reserves rose by $3.5 billion to $587.7 billion.
  • Gold reserves increased by $1.6 billion to reach $85.8 billion.
  • RBI Governor stated the bank will add to forex reserves opportunistically.
  • India stands as the fourth-largest holder of foreign exchange reserves after China, Japan, and Switzerland.
  • The country's forex holdings are sufficient to cover nearly a year of imports.

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