Brief by Shorts91 Newsdesk / 09:45am on 08 Sep 2025,Monday India
India’s foreign exchange reserves surged by $3.5 billion to $694.23 billion for the week ending August 29, nearing the all-time high of $704.89 billion set in September 2024. The rise was driven by a $1.7 billion increase in foreign currency assets and a $1.8 billion boost in gold holdings. RBI Governor Sanjay Malhotra confirmed the reserves can cover 11 months of imports. In 2025 alone, reserves have grown by $53 billion. The RBI continues strategic interventions buying dollars when the rupee is strong and selling during weakness to stabilize the currency. FX reserves include assets in USD, Euro, Yen, and Pound, with a growing preference for gold amid global uncertainties.
