India’s forex reserves rise $4.84 billion to $702.78 billion

India’s forex reserves were up by $4.84 billion to $702.78 billion for the week ended June 27, the Reserve Bank of India said on Friday (Jukly 4, 2025).

In the previous reporting week, the foreign exchange reserves had dropped by $1.01 billion to $697.93 billion.

The forex reserves had touched an all-time high of $704.885 billion in end-September 2024.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves.

The gold reserves were down by $1.23 billion to $84.5 billion during the week ended June 27, the RBI said.

The Special Drawing Rights (SDRs) increased by $158 million to $18.83 billion, the apex bank said.

India’s reserve position with the IMF also increased by $176 million to $4.62 billion in the reporting week, the apex bank data showed.