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Finance FX & Currency

India's Forex Reserves Rise to $672.59 Billion After Gold Holdings Jump

India's foreign exchange reserves increased to $672.59 billion, according to a report by the TOI Business Desk of The Times of India. The rise was attributed to a jump in gold holdings.

iGEN Editorial

June 26, 2026

According to a report by the TOI Business Desk of The Times of India, India's foreign exchange reserves have risen to $672.59 billion. The increase was driven by a jump in gold holdings, the report stated. The TOI Business Desk is a team of journalists focused on global business news.

Source Details

The report was published on June 26, 2026, and highlights the change in the composition of India's reserves. The exact previous figure and the specific increase in gold holdings were not detailed in the available source text.

Implications for Trade Finance

While the source provides only the headline figure, the rise in reserves and gold holdings may be of interest to treasury professionals and CFOs monitoring India's external position. A larger reserve base typically supports currency stability and can influence the cost of trade finance.

Sources:

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