India's Forex Reserves Rise Slightly to USD 687.19 Billion in Early January

India's foreign exchange reserves increased marginally by USD 392 million to USD 687.19 billion for the week ending January 9, according to RBI data. Foreign currency assets declined by USD 1.124 billion to USD 550.87 billion, while gold reserves rose by USD 1.568 billion to USD 112.83 billion. The reserves remain near their all-time high of USD 704.89 billion reached in September 2024, reflecting resilience in India's external sector and sufficient coverage for over 11 months of merchandise imports.