India's forex reserves surge by $5.17 bn to reach $696.6 bn

India's forex reserves surge by $5.17 bn to reach $696.6 bn

India's foreign exchange reserves stood at $691.5 billion in the preceding week that ended on May 30 and are sufficient to fund more than 11 months of goods imports and about 96 per cent of external debt outstanding, RBI Governor Sanjay Malhotra said last week after the monetary policy review. Jun 13, 2025