Diabytes
India forex reserves News
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In 2023, India added around USD 58 billion to its forex reserves, in contrast to a cumulative decline of USD 71 billion in 2022.
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Central banks across the world are increasingly accumulating safe-haven gold in their foreign exchange reserves, and India is no exception.
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India’s external sector has emerged stronger with total exports rising to an all-time high of $824.9 billion in the financial year 2024–25 despite geopolitical uncertainties and a slowdown in world trade.
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The latest RBI data showed that India's foreign currency assets (FCA), the largest component of forex reserves, stood at USD 539.591 billion.
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In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty.
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Rising foreign exchange reserves are positive for the economy as they reflect an ample supply of dollars that help to strengthen the rupee.
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Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee.
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In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.
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The forex reserves had fallen largely because of the RBI's intervention in the market to defend the depreciating rupee against a surging US dollar.
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The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
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The reserves have been declining as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments.
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According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, fell by USD 2.14 billion to USD 514.48 billion.
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According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, rose by USD 10.485 billion to USD 505.348 billion.
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RBI releases
India's forex reserves fell by USD 2.39 bn.
Country's forex reserves fell to a 3-month low.
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According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined USD 4.515 billion to USD 496.072 billion.
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On December 9, India's Forex Reserve increases by USD 2.91 billion.
Current India's Forex Reserve is USD 564.07 billion.
Gold reserves during the latest week declined by USD 296 million to USD 40.729 billion.
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India's foreign exchange has risen by over USD 2.5 bn to record high of USD 575.290 bn
The forex reserves increased to USD 575.290 billion from USD 572.771 billion reported for the week ended November 13.
India`s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs)
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In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.
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The foreign currency assets (FCAs), a major component of the overall reserves, increased by USD 2.568 billion to USD 376.209 billion for the reporting week, according to data by the Reserve Bank of India (RBI).
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India's foreign exchange reserves dropped by USD 360.9 million to USD 362.785 billion in the week to February 10 due to decline in foreign currency assets (FCAs), a key component, the Reserve Bank said today.
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