India’s forex reserves fell by USD 6.7 billion to USD 717 billion in the latest week, whereas earlier the record USD 723 billion level had been touched. According to Reserve Bank of India data, the biggest decline was seen in gold reserves, while there was growth in foreign currency assets. The good thing is that reserves are still sufficient to cover imports for more than 11 months. A jump of USD 56 billion has also been seen so far in 2025. Overall, despite the correction, India’s forex buffer remains strong and in the safe zone.
Correction in Forex Reserves, decline or tension due to gold? | Money Live | Correction in Forex Reserves: A Decline Due to Gold or Tension?
