India’s forex reserves rise to $ 688.13 billion for 8th straight week

Quick Summary:

India's foreign exchange reserves increased for the eighth consecutive week, reaching $688.129 billion.

The rise was primarily driven by an increase in foreign currency assets, although gold reserves saw a slight decline.

Year-on-year, the reserves have grown significantly, reflecting the strength and adequacy of India's external buffer.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: India

Topics: India forex reserves Foreign currency assets Foreign exchange reserves India foreign exchange Reserve Bank of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 20:18:47 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28320898

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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