Logo


India's forex reserves cross $400 billion

Gold's value in the total reserves was about $20.7 billion, while SDRs of the IMF stood at $1.5 billion

An illustration picture shows euro and US dollar banknotes and coins
An illustration picture shows euro and US dollar banknotes and coins

India’s foreign exchange reserves crossed the $400-billion mark last week, data released with a lag of seven days by the Reserve Bank of India (RBI) showed. As of September 8, the forex reserves with the central bank stood at $400.73 billion, up $2.6 billion from a week earlier. Most of the reserves — about $376.20 billion — are held in foreign currency assets such as the US dollar, euro, pound sterling, Japanese yen, etc, and is valued in terms of the American greenback.  While the RBI does not provide a break-up of its foreign currency assets, ...