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India's Forex Reserves Surge Past $687 Billion
16 Jan
Summary
- Forex reserves rose by $392 million to $687.19 billion.
- Foreign currency assets fell by $1.124 billion to $550.87 billion.
- Gold holdings increased by $1.568 billion to $112.83 billion.
India's foreign exchange reserves saw a significant uptick, climbing by $392 million to $687.19 billion as of the week ending January 9, 2026. This surge occurred just a week after reserves had dropped by $9.809 billion.
Despite the overall increase, foreign currency assets, which constitute the largest portion of the reserves, decreased by $1.124 billion. However, a substantial rise in gold holdings by $1.568 billion, bringing the total to $112.83 billion, offset this decline.
Other components of the reserves also saw minor fluctuations. India's Special Drawing Rights edged down by $39 million, and its reserve position with the International Monetary Fund fell by $13 million. The Reserve Bank of India continues to monitor market developments.
