India’s Forex Reserves Jump $1.7 Billion to $689 Billion, Gold Holdings Up $758 Million.
India’s foreign exchange reserves rose by $1.689 billion to $688.949 billion in the week ended December 12, according to RBI data. Gold reserves contributed $758 million, bringing their total to $107.741 billion.
Foreign currency assets (FCAs), the largest portion of reserves, increased by $906 million to $557.787 billion, factoring in currency movements in the euro, pound, and yen. Special Drawing Rights (SDRs) rose to $18.745 billion, while India’s IMF reserve position edged up to $4.686 billion.
The RBI has highlighted that India’s forex reserves can comfortably cover over 11 months of merchandise imports, underscoring the resilience of the country’s external sector. So far in 2025, reserves have grown by approximately $47–48 billion, continuing the upward trend seen in 2023 and 2024.
Gold prices have remained strong amid global uncertainties and high investor demand, supporting overall reserve growth. The RBI continues to actively manage the rupee through strategic dollar buying and selling, as the currency has weakened about 6% cumulatively this year.
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