India’s foreign exchange reserves climbed by $8.663 billion to reach a record high of $725.727 billion for the week ended February 13, according to data released by the Reserve Bank of India (RBI).
A major contributor to the increase was the rise in gold reserves, which went up by $4.990 billion to $128.466 billion. Gold remains a significant component of the country’s overall forex holdings.
Foreign Currency Assets (FCA), the largest share of the reserves, rose by $3.550 billion to $573.603 billion. FCA includes holdings in major global currencies such as the US dollar, euro, Japanese yen, and pound sterling, all valued in dollar terms.
Meanwhile, Special Drawing Rights (SDRs) increased by $103 million to $18.924 billion.
Foreign exchange reserves are a key indicator of a country’s economic strength. They help cushion external shocks, support the stability of the rupee, and strengthen investor confidence in the economy.
