Economy
India’s foreign exchange reserves have surged by USD 4.496 billion, hitting a new all-time high of USD 702.28 billion, according to the Reserve Bank of India (RBI). With this milestone, India remains among the world’s top five reserve-holding nations, following China, Japan, Switzerland, and Russia.
The reserves comprise four major components: Foreign Currency Assets (FCA) held in global currencies like the USD, Euro, and Yen; Gold Reserves valued at international prices; Special Drawing Rights (SDRs) allocated by the IMF to maintain global liquidity; and the Reserve Tranche Position, which represents India’s withdrawable contribution to the IMF for balance-of-payments support.
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