India's foreign exchange reserves increased by $1.05 billion, reaching $630.6 billion by January 31, 2025.
India's foreign exchange reserves rose by $1.05 billion to $630.6 billion as of January 31, marking a second consecutive week of increase. Despite this, reserves have been declining after hitting an all-time high of $704.885 billion in September. Foreign currency assets decreased by $207 million, while gold reserves increased by $1.24 billion. Reserve Bank of India Governor Sanjay Malhotra stated the RBI aims to maintain market stability without targeting specific exchange rates, focusing on reducing volatility in the rupee.
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