New Delhi [India], March 1 (ANI): India’s international trade reserves dipped USD 2.119 billion within the week that ended February 20 to USD 723.608 billion, after having reached a brand new all-time excessive not too long ago, in accordance with the Reserve Bank of India’s newest knowledge.
Foreign trade reserves dipped within the newest week, pushed by a drop in gold reserves and international forex property.
Over the previous few weeks, the foreign exchange kitty has been largely in an uptrend. Foreign trade reserves contact report excessive of USD 725.727 billion in February.
For the reported week (that ended February 20), India’s international forex property (FCA), the most important element of international trade reserves, stood at USD 572.564 billion, down USD 1.039 billion.
The RBI knowledge confirmed that gold reserves presently stood at USD 127.489 billion, down USD 977 million from the earlier week.
After the newest financial coverage assessment assembly final month, the RBI had stated that the nation’s international 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 knowledge, 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 international 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 powerful and ideally sells when it weakens. (ANI)