New Delhi, Jan. 31 -- India's foreign exchange reserves rose to a fresh all-time high of USD 709.41 billion in the week ended January 23, according to data released by the Reserve Bank of India (RBI).

Reserves increased by USD 8.05 billion during the week, supported by a rise in both foreign currency assets and gold holdings. The previous record level of USD 704.89 billion was recorded in September 2024.

Increase in Foreign Currency Assets and Gold

Foreign currency assets, the largest component of the reserves, rose by USD 2.37 billion to USD 562.89 billion. Gold reserves recorded a sharper increase, rising by USD 5.64 billion to USD 123.09 billion, contributing significantly to the overall rise in reserves.

Strong External Position ...