US EditionIndia's Forex Reserves Rise To $690 Billion With Major Addition In Gold Holdings
- As of May 9, India's foreign currency reserves increased to approximately $690.6 billion, as reported by the Reserve Bank of India on May 16.
- The increase followed a prior week decline and was mainly driven by a $4.52 billion rise in gold reserves amid slight changes in other components.
- Foreign currency assets rose by $196 million to $581.37 billion, while special drawing rights and IMF reserves declined by $26 million and $134 million respectively.
- The Reserve Bank of India noted that gold reserves reached $86.33 billion, constituting a key part of the forex kitty's growth for the reporting week.
- The rise in forex reserves strengthens economic fundamentals and provides the RBI greater scope to stabilize the rupee during currency volatility.
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11 Articles
India’s foreign exchange reserves rise by 4.55 billion dollars, reaching 690.6 bn - The Indian Awaaz
AMN India’s foreign exchange reserves rose by 4.55 billion dollars, reaching 690.6 billion dollars in the week ending 9th May. According to the Weekly Statistical Supplement released by the Reserve Bank of India, during the last week, foreign currency assets, a major component of the reserves, were up by 196 million dollars to over 581.3 billion dollars. Gold reserves surged by 4.5 billion dollars, totaling to 86.33 billion dollars. Meanwhile, S…
RBI likely to transfer record surplus of ₹2.7–3 lakh crore to govt in FY26
New Delhi, May 17: The Reserve Bank of India (RBI) is expected to transfer a record surplus dividend of ₹2.7 lakh crore to ₹3 lakh crore to the central government in FY26, marking an almost 50% year-on-year increase, according to a report by SEBI-registered research firm Front Wave Research.This anticipated payout significantly exceeds last year’s historic transfer of ₹2.1 lakh crore and is poised to influence India’s fiscal landscape and bankin…
India’s Forex Reserves Surge $4.55 Billion to $690.61 Billion, Driven by Gold Asset Spike - Goemkarponn
New Delhi: India’s foreign exchange reserves rose sharply by $4.553 billion, reaching $690.617 billion for the week ending May 9, the Reserve Bank of India (RBI) reported on Friday. The surge was largely attributed to a significant increase in gold reserves. In contrast, the previous week saw a decline of $2.065 billion, bringing total reserves to $686.064 billion. Despite the recent fluctuations, the reserves remain close to the record high of …
Big jump of $ 4.55 billion in India's foreign exchange reserves
There has been a strong jump in India’s foreign exchange reserves. In the week ended May 9, the country’s foreign exchange reserves reached $ 690.62 billion with a huge increase of $ 4.55 billion. This increase in currency reserves has come mainly due to the increase in gold reserves. The Reserve Bank of India (RBI) gave this information on Friday. Let us tell you that earlier, in the week ended May 2, the country’s total foreign exchange reserv…
India’s forex reserves surge by $4.5 bn to cross $690.6 bn mark - Get Latest National & International News Updates
Mumbai, May 16 : India’s foreign exchange reserves surged by $4.5 billion to $690.62 billion for the week ended May 9, RBI data released on Friday showed. Foreign currency assets, a major component of the reserves, increased by $196 million to $581.37 billion. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserve…
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