By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: India’s forex reserves decline $1.2 billion to $691.5 in week ending May 30 – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > India’s forex reserves decline $1.2 billion to $691.5 in week ending May 30 – World News Network
Business

India’s forex reserves decline $1.2 billion to $691.5 in week ending May 30 – World News Network

worldnewsnetwork
Last updated: June 6, 2025 12:00 am
worldnewsnetwork 1 day ago
Share
SHARE

Mumbai (Maharashtra) [India], June 6 (ANI): India’s foreign exchange reserves (forex) slumped USD 1.237 billion to USD 691.485 billion in the week ending May 30, official data released by the Reserve Bank of India showed on Friday.
RBI Governor Sanjay Malhotra said the foreign exchange kitty is sufficient to meet 11 months of the country’s imports and about 96 per cent of external debt, announcing the outcome of the Monetary Policy Committee (MPC) decisions earlier today. The RBI governor added, “Overall, India’s external sector remains resilient as key external sector vulnerability indicators continue to improve. We remain confident of meeting our external financing requirements.”
Despite the marginal weekly decline, the forex kitty is close to its all-time high of USD 704.89 billion in September 2024.
The latest RBI data showed that India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 584.215 billion.
According to RBI data, the gold reserves currently amount to USD 84.305 billion.
Central banks worldwide increasingly accumulate safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021.
In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022.
In 2024, the reserves rose by a little over USD 20 billion.
Foreign exchange reserves, or FX reserves, are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep Rupee depreciation. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Lending rates to fall by 30 bps after RBI policy cut: SBI Report – World News Network

JK Cement Ltd. Formalises Joint Venture with Saifco Cements Private Ltd. – World News Network

Mukesh Ambani donates Rs 151 crore to his alma mater, Institute of Chemical Technology, Mumbai – World News Network

Rate Cut Cycle likely over now, policy to stay data-driven: Union Bank of India Report – World News Network

Mukesh Ambani donates Rs 151 crore to his alma mater, Institute of Chemical Technology, Mumbai – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article From Cartons to Community Parks: Mumbai Launches Citywide Recycling Relay on World Environment Day – World News Network
Next Article “It was so beautiful”: Sasheer Zamata on her final moments in ‘Agatha All Along’ miniseries – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

Indian Junior women’s hockey team continues international tour with 5-match European leg – World News Network
Sports 11 hours ago
Errol Musk backs Dream League of India, plays friendly tennis ball cricket match – World News Network
Sports 11 hours ago
“Garden ki toh yaad aayegi”: Pant as Team India reaches England for Test series – World News Network
Sports 11 hours ago
Telangana: Man dies in fire accident while sleeping – World News Network
National 11 hours ago

Sports

Gukesh, Arjun are “very good” but need time to prepare: Magnus Carlsen after Norway Chess win – World News Network
Sports
Dawson, Buttler shine as England beat West Indies by 21 runs in 1st T20I – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Michelle Randolph in talks to star in horror thriller ‘Malibu’ – World News Network
Entertainment
Snoop Dogg film to be directed by Craig Brewer – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?