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India’s gold reserves increase $1.766 billion to $86.769 billion during the week ended August 29, according to the RBI.
India’s latest forex reserves.
India’s foreign exchange (forex) reserves jumped by $3.51 billion to $694.23 billion during the week ended August 29, according to the latest RBI data. The overall reserves had dropped by $4.386 billion to $690.72 billion in the previous reporting week.
The country’s gold reserves increased $1.766 billion to $86.769 billion during the week ended August 29, the RBI said.
During the week, foreign currency assets, a major component of the reserves, rose $1.686 billion to $583.937 billion.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The special drawing rights (SDRs) were up by $40 million to $18.775 billion, the apex bank said.
India’s reserve position with the IMF was also up by $18 million at $4.749 billion in the reporting week, according to the latest data.
RBI Increasing Gold Reserves, Decreasing US T-Bills
The Reserve Bank of India (RBI) is increasingly leaning on gold rather than US Treasury bills (USTs) to bolster its foreign exchange reserves, data from the US Department of the Treasury and the Reserve Bank of India (RBI) showed, according to the Economic Times recently.
India’s investments in US T-bills dropped to $227 billion in June 2025, from $242 billion a year earlier, while its gold holdings rose during the same period. Despite the reduction, New Delhi remains among the top 20 investors in US T-bills, ahead of Saudi Arabia and Germany.
India’s UST stock was at its lowest in December, just before Donald Trump assumed office. Nearly all of the $227 billion outstanding is part of the country’s foreign exchange reserves, which stood at $690 billion as of August 22, 2025.
Globally, the reshuffle is evident. China, the third-largest holder after Japan and the UK, cut its UST holdings to $756 billion in June 2025, down from $780 billion a year earlier. In contrast, Israel sharply raised its investments in the asset class during the same period.
The Reserve Bank of India (RBI) added 39.22 metric tonnes of gold to its reserves over the past year. As of June 27, 2025, India’s gold holdings stood at 879.98 metric tonnes, up from 840.76 metric tonnes a year earlier, according to the report.
India is not the only country recalibrating its reserve mix. China, the world’s third-largest holder of US Treasuries after Japan and the UK, cut its holdings to $756 billion in June 2025 from $780 billion a year earlier. In contrast, Israel increased its exposure to US debt.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 06, 2025, 08:51 IST
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