India's Forex Reserves Hit Record High

India's foreign exchange reserves experienced a notable uptick, increasing by USD 963 million to stand at USD 672.587 billion as of the week ending June 19, 2026. This rise follows a significant drop in the previous reporting week. The boost in overall reserves was primarily influenced by a substantial appreciation in the value of gold, which surged by USD 4.110 billion.

Despite the overall increase, foreign currency assets, a key element of the reserves, recorded a decline of USD 3.072 billion. These assets reflect the value of major non-US currencies like the euro, pound, and yen held in reserves. Additionally, Special Drawing Rights (SDRs) and India's reserve position with the IMF saw minor decreases.