The country's foreign exchange reserves increased by $ 15.26 billion to $ 653.96 billion in two years during the week ended March 7. The Reserve Bank of India (RBI) gave this information. Last week, the country's foreign exchange reserves fell $ 1.78 billion to $ 638.69 billion.
RBI has been a decline in the recent reserves recently due to intervention in the foreign exchange market as well as re-evaluation to reduce rupee fluctuations. In the end of September 2024, the foreign exchange reserves reached an all -time high of $ 704.88 billion.
The credit for rapid growth during the week under review is being given to foreign currency exchange of $ 10 billion made by the central bank on February 28, when he 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.
Foreign exchange assets mentioned in terms of dollars include the effects of the decrease of non-American currencies such as the euros, pounds and yen placed in foreign exchange reserves. However, the price of gold reserves declined by $ 1.05 billion to $ 74.32 billion in the week under review.
Special drawing rights (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.
On the other hand, Pakistan's foreign reserve declined to $ 11.098 billion on 14 March 2025, before the same foreign reserve of Pakistan on March 7 was $ 15.2 billion. If in the coming days, Pakistan's foreign reserve U itself decreases, then many difficulties will arise in front of it.
