RBI Gold Boosts India's Forex Reserves to $693.3 Billion, Up $4.368 Billion

• India's foreign exchange reserves surged by $4.368 billion to $693.318 billion for the week ending December 19, driven by RBI's gold accumulation.
• RBI's gold reserves alone increased by $2.623 billion, reaching $110.365 billion, reflecting strong global demand and uncertainty.
• Foreign currency assets, the largest component, stood at $559.428 billion, experiencing a slight dip due to valuation changes.
• The current reserves are sufficient to cover over 11 months of merchandise imports, indicating India's strong resilience to external shocks.
• Forex reserves have shown a strong rebound since 2022, expanding by an estimated $47-48 billion so far in 2025.

Why It Matters: RBI's gold accumulation significantly boosted India's forex reserves, enhancing economic resilience.