India's forex reserves increased by $5.5 billion to $629.55 billion as of January 24, 2025, after a decline of $1.8 billion the previous week. The Reserve Bank of India continues to manage liquidity and prevent sharp rupee depreciation by intervening in the market as necessary.

For the week ended January 24, foreign currency assets, a major component of the reserves, increased from $4.758 billion to $537.891 billion, as per the RBI data.

India’s foreign exchange reserves increased from $616.7 billion at the end of January 2024 to $704.9 billion in September before moderating to $634.6 billion as on January 3, 2025

India's forex reserves dropped to $623.9 billion, impacting rupee value, but still adequate according to IMF's ARA EM.

India's forex reserves dropped by USD 1.88 billion to USD 623.983 billion in the week ended January 17, the RBI said on Friday. Earlier, the overall kitty declined by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the Reserve Bank of India said.