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2025-08-01 19:47:53
Reserves Approach $700 Billion: What's the Secret Behind India's Strong Foreign Exchange Reserve Growth? (1) Data from the Reserve Bank of India show that as of July 25, India's foreign exchange reserves rose to $698.19 billion. (2) This figure represents a $2.7 billion increase from $695.49 billion the previous week. (3) Within the composition of foreign exchange reserves, foreign currency assets increased from $587.61 billion to $588.93 billion. (4) Gold reserves also increased, rising from $84.5 billion to $85.7 billion. (5) In addition, reserve positions in Special Drawing Rights (SDRs) and the International Monetary Fund also increased. (6) The growth in reserves reflects India's stable economy and strong foreign exchange inflows. (7) With foreign exchange reserves approaching the critical $700 billion mark, India's resilience to external risks is strengthening.
