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India’s foreign exchange reserves rose by USD 2.49 billion to USD 719.547 billion in the week ended November 6, according to Reserve Bank of India (RBI) data released. The previous week’s level was USD 717.06 billion.
PTI reported the reserves had been declining since their all-time high of USD 785.706 billion in the week ended September 4, which was driven by a special concessional swap window for diaspora deposits through which banks raised a record USD 133 billion.
The increase came mainly from gold. The value of the RBI’s gold reserves rose by USD 2.205 billion to USD 104.796 billion. Special Drawing Rights (SDRs) rose by USD 52 million to USD 18.610 billion, and India’s reserve position with the IMF rose by USD 1 million to USD 4.791 billion.
Since the end of March 2026, total reserves are up USD 28.44 billion. Foreign currency assets rose USD 39.07 billion over that period, while gold reserves fell USD 10.60 billion. Reserves are up USD 32.51 billion from a year ago.
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