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Gold reserves record a substantial jump, rising by $14.595 billion to $137.683 billion during the week ended January 30.
India’s Latest Forex Reserves.
India’s foreign exchange reserves climbed by a sharp $14.361 billion to touch a fresh all-time high of $723.774 billion in the week ended January 30, according to the latest data released by the Reserve Bank of India (RBI).
This follows an increase of $8.053 billion in the previous reporting week, when the forex reserves had risen to $709.413 billion, crossing the earlier record high of $704.89 billion achieved in September 2024.
Gold reserves recorded a substantial jump, rising by $14.595 billion to $137.683 billion during the week ended January 30, the RBI said.
During the latest week, foreign currency assets (FCAs), which form the largest portion of the reserves, slipped by $493 million to $562.392 billion, according to the central bank’s data. In dollar terms, FCAs reflect the impact of movements in major non-US currencies such as the euro, pound and yen that are held as part of the reserves.
Special Drawing Rights (SDRs) increased by $216 million to $18.953 billion, while India’s reserve position with the International Monetary Fund (IMF) edged up by $44 million to $4.746 billion in the reporting period, as per the apex bank’s data.
Best Week For Rupee In Over 3 Years
The Indian rupee fell on Friday, singed by likely dollar outflows and traders lowering long bets, but posted its best rise in over three years after New Delhi and Washington announced a long-awaited trade deal.
The rupee closed at 90.6550 per dollar, down 0.3% on the day but up 1.4% on the week, its best weekly rise since January 2023.
India’s central bank kept its key repo rate unchanged, buoyed by a positive economic outlook and reduced pressures following trade deals with the U.S. and Europe. The monetary policy stance was retained at “neutral”, suggesting rates will stay low for some time to come.
“Going forward, we think the MPC will be guided by the evolving macroeconomic conditions and the outlook based on data from the new series in charting the future course of monetary policy,” economists at Barclays said in a note.
The rate decision had little bearing on the rupee, which was hit by outflows, traders said.
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February 07, 2026, 08:02 IST
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