Biggest Jump in Foreign Exchange Reserves in 2 Years as It Jumped By $ 15.26 Billion to $ 654 Billion

Foreign exchange reserves: There has been a strong increase in foreign exchange reserves. Foreign exchange reserves have witnessed a jump of more than $ 15 billion in a week in a week ended on 7 March 2025, which is the highest in two years. The RBI sold dollars to handle foreign investors’ selling and the rupee fall against the dollar, due to which there was a major decline in foreign exchange reserves.

According to the Reserve Bank of India, the country’s foreign exchange reserves have increased by $ 15.26 billion to $ 653.96 billion in two years during the week ended March 7. Last week, the country’s foreign exchange reserves fell $ 1.78 billion to $ 638.69 billion. In the end of September 2024, the foreign exchange reserves reached an all -time high of $ 704.88 billion. But to help reduce the fluctuations in rupee, there has been a recent decline in reserves due to intervention in the foreign exchange market by RBI.

According to RBI data, the credit for rapid growth in foreign exchange reserves during the week under review is being given to foreign currency exchange of $ 10 billion on February 28, when it bought dollars against the rupee to increase liquidity in the system. According to the Reserve Bank data, a major part of foreign exchange reserves in the week under review increased by $ 13.99 billion to $ 557.28 billion. Forex assets mentioned in the context of the dollar include the effects of the decrease of non-American currencies such as euros, pounds and yen placed in foreign exchange reserves.

According to RBI data, the price of Gold Reserve in the week under review has come down by $ 1.05 billion to $ 74.32 billion. The SDR rose by $ 21.2 crore to $ 18.21 billion. According to the data of the Reserve Bank of India, India’s reserved reserves with the International Monetary Fund (IMF) increased by $ 6.9 million to $ 4.14 billion in under review week.

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