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Informist, Tuesday, Oct. 28, 2025

--RBI: Gold holdings at 880.18 tn on Sept 30, up 0.59 tn from end of FY25

--RBI:Held 575.82 tn gold domestically on Sept 30, up 63.83 tn from FY25-end

--RBI: Share of gold in FX reserves at 13.92% on Sept 30 vs 11.70% end FY25

NEW DELHI – The Reserve Bank of India's net outstanding sales of dollar/rupee forward contracts rose after seven months to $59.40 billion as of September-end, rising from $53.36 billion at the end of August. The break-up of its forward foreign exchange liabilities was not given in the Half-Yearly Report on Management of Foreign Exchange Reserves released Tuesday.

The details are scheduled to be released on Friday. The RBI's net short forward dollar book had peaked at $78.69 billion at Febuary-end.

Meanwhile, the central bank stepped up the pace of onshoring its gold holdings in Apr-Sept, increasing its domestic holdings of gold to 575.82 metric tonnes as on Sept. 30 from 511.99 metric tonnes at March-end. In Oct-Mar, the RBI increased the amount of gold it held domestically by a mere 1.53 tonnes after the past one-and-a-half years saw a huge amount of the yellow metal being brought to Indian shores. For nearly 20 years, the RBI held 292 tonnes of gold domestically before increasing it sharply. It still holds 290.37 tonnes of gold in safe custody with the Bank of England and the Bank of International Settlements, and 13.99 tonnes in the form of gold deposits.

This brought its total gold holdings to 880.18 metric tonnes as of Sept. 30, up only marginally from March-end and 3.0% on year. However, the value of its gold holdings climbed to 13.92% of the $700.09 billion of foreign exchange reserves held at September-end, up from 11.7% at the end of March. The price of the most-active gold contract on the Multi Commodity Exchange of India rose nearly 30% between March- and September-end.  End

US$1 = INR 88.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Aaryan Khanna

Edited by Akul Nishant Akhoury

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