India’s Forex Reserves Climb to Record $728.5 Billion

Overview

• Reserves rose by $4.885 billion in the week ended February 27 to $728.494 billion, according to RBI data.
• Foreign currency assets, the largest component, increased by $561 million to $573.125 billion.
• Gold holdings jumped by $4.141 billion to $131.630 billion, while SDRs rose $26 million to $18.87 billion and the IMF reserve position increased $158 million to $4.87 billion.
• The new peak surpassed the February 13 high of $725.727 billion after a $2.119 billion dip in the prior week to $723.608 billion.
• Reserves have grown by about $56 billion so far in 2025, compared with just over $20 billion in 2024 and around $58 billion in 2023.