India's forex reserves rise by $4.55 billion to $690.61 billion this week on surge in gold holdings
Friday, 16 May 2025 () India's foreign exchange reserves experienced a notable increase of $4.553 billion, reaching $690.617 billion for the week ending May 9, driven by a substantial surge in gold assets. Foreign currency assets saw a slight rise, while gold reserves significantly boosted the overall increase. However, Special Drawing Rights and the reserve position with the IMF witnessed declines during the reporting week.
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India's foreign exchange reserves experienced a decrease of $4.888 billion, settling at $685.729 billion for the week ending May 16, according to the RBI. This... IndiaTimes
India's foreign exchange reserves increased for the eighth consecutive week, reaching $688.129 billion. The rise was primarily driven by an increase in foreign... IndiaTimes
The Reserve Bank of India significantly increased its gold reserves by over 57 tonnes in FY25, marking the largest annual rise in seven years, amidst a 30% surge... IndiaTimes
Friday, 16 May 2025 ()
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