Revaluation gains lift India’s forex kitty to $693.6 billion

August 16, 2025

India’s foreign exchange reserves increased by $4.7 billion, reaching $693.6 billion in the week ending August 8, according to RBI data. This rise was primarily driven by revaluation gains from a weaker dollar and higher gold prices, partially offset by the RBI’s market intervention, including $5 billion in FX swaps.

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