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MONDAY, JULY 27, 2026
Banking And Finance

India’s forex reserves at all-time high of $516.36b

By  CL Jose July 17, 2020
MUMBAI: India's total foreign exchange (forex) reserves stood at around $516.362 billion or Rs38.83 lakh crore  as of July 10, 2020, the highest ever, with foreign exchange assets (FCA) component at around $475.635 billion (Rs35.77 lakh crore). While the gold reserves were at around $34.729 billion (Rs2.61 lakh crore), SDRs (Special Drawing Rights with the IMF) were around $1.453 billion whereas the reserve position with IMF were to the tune of around $4.545 billion as per Reserve Bank of India's (RBI) weekly statistical supplement published on July 10, 2020.  
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CL Jose
Written By

CL Jose

Editor at Business Benchmark News

Have been in the financial media since the early 90s, starting with Financiall Express in Mumbai. Worked in Mumbai editions of Business Standard and Observer of Business and Politics. I spent most of my journalistic career in the GCC - Saudi Arabia, Oman and UAE with various business newspapers, mostly covering banking and finance.