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Key Points

India's foreign exchange reserves increased by $4.038 billion to reach $698.268 billion for the week ending September 5. The growth was primarily driven by a significant $3.53 billion jump in gold reserves, which now stand at $90.299 billion. Foreign currency assets, the largest component of reserves, also saw a rise of $540 million to $584.477 billion. The reserves are now approaching their all-time high of $704.89 billion recorded in September 2024.

Key Points: India Forex Reserves Rise 4 Billion to 698.3 Billion Near Record High

  • Gold reserves surged by $3.53 billion to $90.299 billion in the reported week
  • Foreign currency assets rose by $540 million to $584.477 billion
  • Reserves are approaching the all-time high of $704.89 billion set in September 2024
  • RBI strategically manages dollar sales to prevent steep rupee depreciation
2 min read

Forex reserves up by $4.03 billion to $698.3 billion in week ending Sept 5: RBI

India's forex reserves climb to $698.3 billion, nearing all-time high, driven by a $3.53 billion surge in gold reserves as per latest RBI data.

"The foreign exchange kitty was sufficient to meet 11 months of the country's imports. - RBI Governor Sanjay Malhotra"

New Delhi, September 14

India's foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to USD 698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.'

The country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billion, reached in September 2024.

The RBI data showed that the gold reserves currently amount to USD 90.299 billion, witnessing a rise of USD 3.530 billion in the reported week.

For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 584.477 billion, a rise of USD 540 million.

After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra had said the foreign exchange kitty was sufficient to meet 11 months of the country's imports.

In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022.

In 2024, the reserves rose by a little over USD 20 billion.

So far in 2025, the forex kitty has increased by approximately USD 60 billion, according to the data.

Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.

The RBI often intervenes by managing liquidity, including selling dollars, to prevent a steep depreciation of the rupee. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens.

- ANI

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Reader Comments

P
Priya S
Almost $700 billion! That's incredible growth from last year. This gives me confidence in our economic stability. Gold reserves increasing is particularly reassuring.
M
Michael C
While the numbers look impressive, I hope this translates to better economic conditions for common people. Sometimes these macro numbers don't reflect ground reality.
A
Ananya R
ज़बरदस्त! 11 months of import cover is really strong position. This will help rupee stability and control inflation. Good work RBI team! 💪
S
Sarah B
The strategic gold accumulation is smart - diversifying beyond just dollars. Shows mature economic management. Hope this continues!
V
Vikram M
From $58 billion addition in 2023 to $60 billion already in 2025 - that's some acceleration! Makes me proud of India's economic resilience.

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