New Delhi [India], February 15 (ANI): India’s overseas trade reserves dipped USD 6.711 billion within the week that ended February 6 to USD 717.064 billion, after having reached a brand new all-time excessive within the prior week, in line with the Reserve Bank of India’s newest information.
Foreign trade reserves dipped considerably within the newest week, pushed by a drop in gold reserves whereas overseas foreign money property rose.
Over the previous few weeks, the foreign exchange kitty has been largely in an uptrend. Foreign trade reserves contact report excessive of USD 723.774 billion final week.
For the reported week (that ended February 6), India’s overseas foreign money property (FCA), the biggest part of overseas trade reserves, stood at USD 570.053 billion, up USD 7.661 billion.
The RBI information confirmed that gold reserves at present stood at USD 123.476 billion, down USD 14.208 billion from the earlier week.
After the most recent financial coverage overview assembly earlier this month, the RBI had stated that the nation’s overseas trade reserves had been ample to cowl greater than 11 months of merchandise imports. RBI stated India’s exterior sector stays resilient, and it was assured of comfortably assembly the nation’s exterior financing necessities.
According to information, the foreign exchange kitty has elevated by about 56 billion in 2025.
In 2024, reserves rose by simply over USD 20 billion.
In 2023, India added round USD 58 billion to its overseas trade reserves, in distinction to a cumulative decline of USD 71 billion in 2022.
Foreign trade reserves, or foreign exchange reserves, are property 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 usually intervenes by managing liquidity, together with promoting {dollars}, to forestall a steep depreciation of the rupee. The RBI strategically buys {dollars} when the Rupee is robust and ideally sells when it weakens. (ANI)