New Delhi [India], September 7 (ANI): India’s international trade reserves rose by USD 3.5 billion within the week that ended August 29 to USD 694.230 billion, pushed largely by an increase in international forex belongings and gold, the Reserve Bank of India (RBI) mentioned in its newest ‘Weekly Statistical Supplement’.
The nation’s foreign exchange kitty is hovering near its all-time excessive of USD 704.89 billion touched in September 2024.
For the reported week, India’s international forex belongings (FCA), the most important element of international trade reserves, stood at USD 583.937 billion, an increase of USD 1.7 billion.
The RBI information confirmed that the gold reserves presently quantity to USD 86.769 billion, witnessing an increase of USD 1.8 billion.
After the newest financial coverage assessment assembly, RBI Governor Sanjay Malhotra mentioned the international trade kitty was enough to satisfy 11 months of the nation’s imports.
In 2023, India added round USD 58 billion to its international trade reserves, contrasting with a cumulative decline of USD 71 billion in 2022.
In 2024, the reserves rose by a little bit over USD 20 billion. So far in 2025, the foreign exchange kitty has cumulatively elevated by about USD 53 billion, in keeping with information.
Foreign trade reserves, or FX reserves, are belongings held by a nation’s central financial institution or financial authority, primarily in reserve currencies such because the US Dollar, with smaller parts within the Euro, Japanese Yen, and Pound Sterling.
The RBI typically intervenes by managing liquidity, together with promoting {dollars}, to stop steep depreciation of the rupee. The RBI strategically buys {dollars} when the Rupee is robust and sells when it weakens. (ANI)