India's forex reserves touch US$634.9 billion

January 31, 2022

NEW DELHI - India's  foreign exchange reserves grew by US$2.2 billion to a total of US$634.9 billion in the week ended January 14, Reserve Bank of India data shows. The reserves peaked at US$642.4 billion in the week ended September 3, 2021.

Gold reserves rose by US$726 million to USS39.77 billion for the reporting week ending January 14, the data shows.

India's special drawing rights (SDRs) with the International Monetary Fund (IMF) increased to US$19.22 billion, and the country's reserve position with the IMF rose US$36 million to US$5.238 billion.