India's FX reserves rise to 7-month high as of May 9 on record gold holdings
This story was originally published at 18:07 IST on 16 May 2025
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--RBI: India May 9 FX reserves $690.62 bln, up $4.55 bln on week
--India's gold reserves at all-time high of $86.34 bln as on May 9
--RBI: India's gold reserves at $86.34 bln as on May 9
--India's FX reserves at $690.62 bln as on May 9, highest since Oct 4
NEW DELHI – India's foreign exchange reserves climbed to more than seven-month high of $690.62 billion, up $4.55 billion from the previous week, as of May 9, mainly due to a rise in the Reserve Bank of India's gold reserves, data released by the RBI on Friday showed.
The value of the RBI's gold holdings touched an all-time high of $86.34 billion, up by $4.52 billion from the previous week. Foreign currency assets as of May 9 were at $581.37 billion, up just $196 million.
Calculated in dollar terms, the RBI's foreign exchange reserves also reflect the impact of appreciation or depreciation of currencies other than the US dollar, such as the euro, the pound sterling, and the yen, held by the central bank. End
US$1 = INR 85.51
Reported by Pratiksha
Edited by Subhojit Sarkar
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