Mumbai: India’s forex reserves jumped to a new record high of $692.296 billion in the week ending September 20, 2024, up $2.838 billion on a weekly basis. India’s foreign exchange reserves stood at $689.458 billion in the week ending September 13, 2024.
A rise in foreign currency assets drove up the forex kitty for the week under consideration, according to RBI’s weekly statistical supplement. FCAs rose $2.057 billion to $605.686 billion during the period under consideration. India’s gold reserves rose $726 million to $63.613 billion, while Special Drawing Rights rose $121 million to $18.54 billion. India’s reserve position with the IMF rose $66 million to $4.458 billion, according to RBI data.
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