India’s foreign exchange reserves went up by $1.689 billion to $688.94 billion for the week ending on December 12, the Reserve Bank of India (RBI) said on Friday.  Gold reserves increased by $758 million to $107.741 billion during the week, the central bank said. The Special Drawing Rights (SDRs) were up by $14 million to $18.735 billion.

Last week, foreign exchange reserves went up by nearly $1.03 billion to $687.26 billion for the week ending December 5. Gold reserves increased by $1.188 billion to $106.984 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion.

The RBI routinely monitors developments in the foreign exchange market and undertakes interventions when necessary to preserve orderly trading conditions. Meanwhile, India witnessed an unprecedented surge in foreign direct investment (FDI) commitments this year. Total FDI inflow reported during the first half of FY 2025-26 ($50.36 billion) increased by 16 per cent compared to the year-ago period ($43.37 billion) — the highest ever for the first half of a financial year, the Parliament was informed earlier this month.

Source: msn