India FX reserves see biggest jump in 5 weeks, helped by gold holdings - RBI
This story was originally published at 17:49 IST on 15 May 2026
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--RBI: India May 8 FX reserves $696.99 bln
--RBI: India May 8 FX reserves $696.99 bln, up $6.30 bln on week
--RBI: India May 8 FX assets $552.39 bln, up $562 mln on week
--RBI: India May 8 gold holdings $120.85 bln, up $5.64 bln on week
NEW DELHI – India's foreign exchange reserves rose for the first time in three weeks, helped by the steepest weekly jump in gold holdings in five weeks. Data released by the Reserve Bank of India on Friday showed foreign exchange reserves at $696.99 billion as on May 8, up $6.30 billion on week, the biggest rise in five weeks.
The rupee rose 0.5% against the dollar during the week ended May 8. Foreign currency assets rose $562 million on week to $552.39 billion as on May 8. The value of the central bank's gold holdings increased $5.64 billion on week to $120.85 billion as of May 8.
Calculated in dollar terms, the RBI's foreign exchange reserves also reflect the impact of appreciation or depreciation of currencies other than the dollar, such as the euro, the pound sterling, and the yen held by the central bank. End
US$1 = INR 95.97
Reported by Shubham Rana
Edited by Avishek Dutta
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