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flag India's foreign exchange reserves surged by $4.55 billion, mainly due to a boost in gold holdings.

flag India's foreign exchange reserves climbed by $4.55 billion to $690.62 billion by May 9, 2025, driven largely by a significant increase in gold reserves. flag Foreign currency assets rose modestly by $196 million, while Special Drawing Rights and India's IMF reserves decreased slightly. flag This increase in reserves strengthens the RBI's ability to stabilize the rupee amid global economic uncertainties.

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