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CommodityWireIndia's FX reserves as on Sept 5 at $698.27 bln, up $4.04 bln on week

India's FX reserves as on Sept 5 at $698.27 bln, up $4.04 bln on week

This story was originally published at 18:23 IST on 12 September 2025
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Informist, Friday, Sept. 12, 2025

 

--RBI: India Sept 5 FX reserves $698.27 bln 

--RBI: India Sept 5 FX reserves $698.27 bln, up $4.04 bln on week 

--RBI: India Sept 5 FX assets $584.48 bln, up $540 mln on week 

 

MUMBAI – India's foreign exchange reserves rose $4.04 billion on week to $698.27 billion in the week ended Sept. 5, data released by the Reserve Bank of India Friday showed. Foreign currency assets as on Sept. 5 stood at $584.48 billion, up $540 million from the week earlier. 

 

The Reserve Bank's gold holdings surged $3.53 billion in the week ended Sept. 5 as gold prices have been on the rise due to expectations of multiple interest rate cuts by the US Federal Reserve this year. On Sept. 5, gold touched a high of $3,654.2 per ounce. Since then, gold has touched a record high of $3,715.2 per ounce. 

 

The central bank's foreign exchange reserves, calculated in dollar terms, also reflect the impact of appreciation or depreciation of currencies other than the dollar, such as the euro, pound sterling, and yen, held by the RBI. In the week ended Sept. 5, the dollar index, which measures the strength of the dollar against a basket of six major currencies, the index remained largely unchanged.  End

 

US$1 = INR 88.28

 

Reported by Kabir Sharma

Edited by Deepshikha Bhardwaj

 

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