Forex watch: India’s reserves rise by $3.29 billion to $696.61 billion; gold holdings lead the weekly jump

India's foreign exchange reserves surged by $3.293 billion to $696.61 billion in the week ending December 26, marking a continued strengthening of the nation's external buffer. This significant rise was primarily driven by a substantial increase in gold reserves, which climbed by $2.956 billion.

Forex watch: India’s reserves rise by $3.29 billion to $696.61 billion; gold holdings lead the weekly jump
India's foreign exchange reserves surged by $3.293 billion to $696.61 billion in the week ending December 26, marking a continued strengthening of the nation's external buffer. This significant rise was primarily driven by a substantial increase in gold reserves, which climbed by $2.956 billion.