Saturday, March 7, 2026

Country’s foreign exchange reserves increase to record level of $709.41 billion

Reserve Bank of India (RBI) said in the data released on Friday that in the week ending January 23, foreign currency assets, an important component of foreign exchange reserves, increased by $ 2.36 billion to $ 562.88 billion. During this period, the value of gold reserves increased by $5.63 billion to $123.08 billion. During this period, Special Drawing Rights (SDR) increased by $ 33 million to $ 18.73 billion. According to the data, during this period, India’s reserve position with the International Monetary Fund (IMF) also increased by $ 18 million to $ 4.70 billion. India’s foreign exchange reserves reached an all-time high of $ 704.89 billion in September 2024.

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