RBI Chief: India's Forex Reserves Exceed $630 Billion

In a statement today, the Reserve Bank of India (RBI) Governor announced that India's foreign exchange reserves have surpassed $630 billion. This substantial reserve provides a robust buffer for the country's external sector, offering an import cover of more than 10 months. The significant forex holdings underscore India's strong economic position and its ability to manage external shocks. This announcement comes amidst global economic uncertainties, highlighting India's resilience in maintaining a stable financial outlook.

Source: RBI Press Conference, February 7, 2025