India’s foreign exchange reserves increased by $2.294 billion to $698.95 billion for the week ending June 13, 2025, according to the Reserve Bank of India (RBI) data released on June 20, 2025. This follows a $5.17 billion rise the previous week, bringing the total gains over two weeks to nearly $7.5 billion. The reserves are approaching the all-time high of $704.885 billion recorded in late September 2024. The increase was driven by a $1.739 billion rise in foreign currency assets (FCAs) to $589.426 billion, a $428 million increase in gold reserves to $86.316 billion, an $85 million rise in Special Drawing Rights (SDRs) to $18.756 billion, and a $43 million increase in the reserve position with the IMF to $4.452 billion. The RBI’s interventions to manage rupee volatility, steady capital inflows, and lower crude oil prices contributed to the rise. The reserves cover 11 months of imports and 96% of external debt, enhancing India’s economic stability.