India’s Forex Reserves Jump $14.17 Billion to $701.36 Billion
Gold holdings surge as RBI reports strong weekly rise in reserves
- Forex reserves rise to $701.36 billion in week ended Jan 16
- Increase of $14.17 billion over previous week
- Gold reserves up by $4.62 billion
- Foreign currency assets rise by $9.65 billion
GG News Bureau
Mumbai, 24th Jan: India’s foreign exchange reserves surged to $701.36 billion in the week ended January 16, 2026, according to data released by the Reserve Bank of India (RBI). This marks an increase of $14.17 billion from the previous week.
In the preceding week ended January 9, the country’s forex reserves stood at $687.19 billion.
Foreign currency assets (FCAs), which form the largest component of the reserves, rose by $9.65 billion to $560.52 billion. FCAs reflect not only dollar holdings but also the impact of valuation changes in major non-US currencies such as the euro, pound sterling and Japanese yen held in the RBI’s reserve basket.
Gold reserves recorded a strong rise, increasing by $4.62 billion to $117.45 billion during the week.
Special Drawing Rights (SDRs) dipped marginally by $35 million to $18.704 billion, while India’s reserve position with the International Monetary Fund (IMF) declined by $73 million to $4.684 billion as of January 16.
The RBI said it continues to closely monitor developments in the foreign exchange market and intervenes when necessary to maintain orderly market conditions. Such interventions are aimed at limiting excessive volatility in the rupee and are not intended to target any specific exchange rate level or band.
