India's Forex Reserves Surge: A $15.3 Billion Leap!

  • India's foreign exchange reserves rose by $15.3 billion, reaching $653.96 billion for the week ending March 7, 2025.

  • This marks the largest weekly increase since August 2021, driven by the Reserve Bank of India's (RBI) recent currency swap operations.

  • The RBI executed a $10 billion dollar-rupee swap on February 28, aimed at enhancing liquidity in the banking system.

  • The surge also reflects valuation gains from a weaker dollar index, which dropped to a four-and-a-half-month low.

  • Foreign currency assets contributed significantly, increasing by $13.9 billion to $557.8 billion, while gold reserves rose by $1 billion to $74.3 billion.

  • The RBI actively manages forex reserves to stabilize the rupee and mitigate excessive market volatility.

  • Economists view this increase as a positive sign for India's economic stability amid global uncertainties.

Comments

Popular posts from this blog

Gaming Industry Bigger Than Film & Music Combined

JSW Cement's ₹4,000 Crore IPO Gets SEBI's Green Light