Overview

• India’s forex reserves rose by USD6.992 billion to USD692.721 billion in the week ended May 23, reversing a USD4.888 billion decline the previous week.
• Foreign currency assets edged up by USD4.516 million to USD586.167 billion, driven in part by valuation gains in euro, pound and yen holdings.
• Gold reserves jumped by USD2.366 billion to USD83.582 billion as bullion prices firmed.
• Special Drawing Rights increased by USD81 million to USD18.571 billion and India’s IMF reserve position gained USD30 million to USD4.401 billion.
• The reserves remain below the record USD704.885 billion peak reached at end-September 2024 despite the latest rebound.