The Reserve Bank of India reported on Friday that India’s foreign exchange reserves increased by $7.2 billion to $595.98 billion during the week that ended on May 5.
In the previous reporting week, the total reserves had decreased by $4.53 billion to $588.78 billion.
The country’s forex reserve had reached an all-time high of $645 billion in October 2021.
According to the most recent Weekly Statistical Supplement released by the RBI, the foreign currency assets, a major component of the reserves, increased by nearly $6.54 billion to $526.02 billion during the week that ended on May 5.
The effect of the appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves is included in the foreign currency assets, which are expressed in terms of dollars.
Gold stores expanded by $659 million to $46.31 billion, the RBI said.
Also read: Optimistic That Growth Will Be Close To Our Projection Of 6.5%: RBI Governor Shaktikanta Das
The apex bank reported that the Special Drawing Rights (SDRs) decreased by $19 million to $18.45 billion.
According to RBI data, the nation’s reserve position with the International Monetary Fund (IMF) increased by $20 million to $5.192 billion during the reporting week.
As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…
Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…
India and five Central Asian nations have agreed to deepen cooperation on rare earths and…
Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…
EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…
One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…