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India’s forex reserves rise by $1.69 billion to $688.94 billion: RBI

India’s foreign exchange reserves increased by $1.689 billion to $688.94 billion for the week ending December 12, according to data released by the Reserve Bank of India (RBI) on Friday.

Gold reserves rose by $758 million to $107.741 billion during the reporting week. Special Drawing Rights (SDRs) also increased by $14 million to $18.735 billion, the central bank said.

In the previous week ending December 5, India’s forex reserves had risen by nearly $1.03 billion to $687.26 billion. Gold reserves had increased by $1.188 billion to $106.984 billion, while SDRs were up by $93 million to $18.721 billion.

The RBI said it continues to closely monitor developments in the foreign exchange market and undertakes interventions when required to maintain orderly market conditions.

Meanwhile, India has recorded a strong surge in foreign direct investment (FDI) commitments during the current financial year. Total FDI inflows during the first half of FY 2025–26 stood at $50.36 billion, marking a 16 per cent increase compared to $43.37 billion in the corresponding period last year. This is the highest-ever FDI inflow recorded in the first half of any financial year, Parliament was informed earlier this month.

Official data shows that gross FDI inflows have risen sharply from over $34 billion in 2012–13 to more than $80 billion in 2024–25. India also witnessed a strong rebound in FDI during the second quarter of the current financial year, with inflows rising over 18 per cent year-on-year to $35.18 billion during April–September 2025.

The government said the rising trend in repatriation reflects strong returns for foreign investors, reinforcing India’s position as a reliable and attractive investment destination. It added that free trade agreements are being leveraged to promote export diversification and attract sustained foreign investment.

-ians

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