India's forex reserves soar by $9.9 billion to $716.90 billion as on August 14
22-Aug-2026
India's foreign exchange reserves jumped by $9.905 billion to $716.90 billion during the week ended August 14, official data released by the Reserve Bank of India showed on Friday.
The reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year.
The latest increase came as inflows from the RBI's FCNR(B) deposit scheme began to reflect in the country's forex kitty.
Foreign currency assets, the largest component of the reserves, rose $7.2 billion to $581.85 billion, making the biggest contribution to the overall increase.
Meanwhile, gold reserves surged by $2.67 billion to $111.41 billion, providing another significant boost.
Special drawing rights (SDRs) declined marginally by $5 million to $18.740 billion, while India's reserve position in the International Monetary Fund (IMF) increased by $5 million to $4.89 billion.
News Source:- https://economictimes.indiatimes.com/news/economy/finance/indias-forex-reserves-soar-by-9-9-billion-to-716-90-billion-as-on-august-14/articleshow/133403147.cms
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