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India’s forex reserves surge by $6.295 billion to nearly $697 billion as gold and FX jump
Economy
Published on 15 May 2026
Gold reserves leapt by $5.637 billion in one week
India’s foreign exchange reserves climbed by $6.295 billion to $696.988 billion in the week ended May 8, the RBI said. The previous week saw reserves fall by $7.794 billion to $690.693 billion. The increase was driven by higher foreign currency assets, which rose by $562 million to $552.387 billion, and a major $5.637 billion jump in gold reserves to $120.853 billion. SDRs and India’s IMF reserve position also edged up.
- Forex reserves rose $6.295B to $696.988B in the week ended May 8
- Reserves had fallen $7.794B to $690.693B in the prior reporting week
- Foreign currency assets increased $562M to $552.387B
- Gold reserves jumped $5.637B to $120.853B
- SDRs rose $84M to $18.873B
- IMF reserve position up $12M to $4.875B
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times