India's Forex Reserves Rise by $392 Million to $687.19 Billion
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Moneycontrol•16-01-2026, 17:32
India's Forex Reserves Rise by $392 Million to $687.19 Billion
- •India's forex reserves increased by USD 392 million, reaching USD 687.19 billion for the week ending January 9.
- •This follows a USD 9.809 billion drop in the previous reporting week.
- •Foreign currency assets, a key component, decreased by USD 1.124 billion to USD 550.866 billion.
- •Gold reserves saw a significant jump, increasing by USD 1.568 billion to USD 112.83 billion.
- •Special Drawing Rights (SDRs) and India's reserve position with the IMF both declined slightly.
Why It Matters: India's forex reserves grew by $392 million, driven by a surge in gold reserves despite a fall in foreign currency assets.
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