New Delhi [India], October 26 (ANI): India’s international trade reserves rose by USD 4.5 billion within the week that ended October 17 to USD 702.280 billion, primarily pushed by an increase in gold reserves, the Reserve Bank of India (RBI) stated 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 foreign money belongings (FCA), the biggest element of international trade reserves, stood at USD 570.411 billion, down USD 1.692 billion.
The RBI knowledge confirmed that gold reserves at present stand at USD 108.546 billion, up USD 6.181 billion from the earlier week. The value of the safe-haven asset gold has been on a pointy uptrend over latest months, maybe amid heightened international uncertainties.
After the most recent financial coverage evaluate assembly, RBI Governor Sanjay Malhotra had stated the international trade kitty was enough to cowl greater than 11 months of merchandise imports. Overall, India’s exterior sector continues to be resilient, and the RBI stays assured of assembly its exterior obligations comfortably.
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 response to knowledge.
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 powerful and sells when it weakens. (ANI)