Mumbai Valuation gains in the reserves account, primarily reflecting higher prices of gold and lower bond yields, amounted to $26.9 billion during 2024-25 as compared with a valuation gain of $4.3 billion during 2023-24, the RBI said.
Excluding valuation effects, foreign exchange reserves decreased by $5 billion in FY25 as against an accretion of $63.7 billion during 2023-24.
Foreign exchange reserves in nominal terms, reflecting valuation effects, increased by $21.9 billion in FY25, as compared with an increase of $68 billion in 2023-24.
