India's Forex Reserves Rise by $2.294 Billion to $698.95 Billion: RBI

India's foreign exchange reserves rose by USD 2.294 billion to USD 698.95 billion during the week ending June 13, 2025, the Reserve Bank of India (RBI) reported on Friday.

This increase follows a previous weekly rise of USD 5.17 billion, which took the reserves to USD 696.65 billion as of June 6. Notably, the reserves had touched an all-time high of USD 704.885 billion at the end of September 2024.

Foreign Currency Assets Up by $1.739 Billion

According to RBI data, foreign currency assets (FCAs), the largest component of the forex reserves, rose by USD 1.739 billion to USD 589.426 billion in the same week. FCAs include the effects of appreciation or depreciation of non-US currencies like the euro, pound, and yen held in the reserves.

Gold Reserves Increase by $428 Million

The central bank also reported that gold reserves surged by USD 428 million to USD 86.316 billion.

SDRs and IMF Position Also Increase

The Special Drawing Rights (SDRs) increased by USD 85 million to USD 18.756 billion. Meanwhile, India’s reserve position with the International Monetary Fund (IMF) rose by USD 43 million to USD 4.452 billion.