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Key Points

India's foreign exchange reserves have reached an impressive $702.97 billion after climbing $4.7 billion this week. This marks the third consecutive weekly increase, showing strong momentum in reserve accumulation. The RBI's strategic management includes buying dollars when the rupee is strong and selling during weakness. With sufficient reserves to cover 11 months of imports, India maintains robust economic buffers against global volatility.

Key Points: India Forex Reserves Hit $703 Billion Mark After 3 Weekly Rises

  • Foreign currency assets rose $2.5 billion to $587 billion
  • Gold reserves jumped $2.12 billion to $92.4 billion
  • Reserves added $53 billion in 2025 after $20 billion in 2024
  • RBI strategically manages dollar sales to stabilize rupee value
2 min read

India's forex reserves climb by $4.7 bn to hit $702.97 bn, marking 3rd straight weekly rise

India's forex reserves surge to $702.97 billion, marking third consecutive weekly gain of $4.7 billion as RBI builds strong import coverage buffer.

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

Mumbai, September 21

India's foreign exchange reserves rose by USD 4.698 billion in the week that ended September 12 to USD 702.966 billion, marking the third consecutive weekly increase, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.'

The forex reserves touched the most-awaited USD 700 billion mark this week.

For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 587.014 billion, increasing by USD 2.537 billion.

The RBI data showed that the gold reserves currently amount to USD 92.419 billion, witnessing a jump of USD 2.12 billion.

After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra 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 cumulatively increased by about USD 53 billion, according to 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 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
Great to see the consistent growth! But I hope this strength translates into better economic conditions for common people. Sometimes these numbers don't reflect ground reality.
A
Aman W
$700+ billion! That's massive. Shows India's growing economic power on global stage. More reserves = more stability for rupee and better import capacity. Good job RBI! 💪
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Sarah B
Interesting to see gold reserves also increased significantly. Diversification is smart strategy in uncertain global economic times. Smart move by our central bank.
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Vikram M
From $58 billion addition in 2023 to $53 billion already in 2025 - that's impressive growth trajectory. Hope this continues and helps strengthen our currency further.
N
Nikhil C
11 months of import cover is quite comfortable. This gives India good bargaining power internationally and protects us from currency volatility. Solid economic management!

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