New Delhi [India], December 7 (ANI): India’s international change reserves declined by USD 1.877 billion within the week that ended November 28 to USD 686.227 billion, in keeping with the newest weekly knowledge launched by the Reserve Bank of India (RBI).
In the final reporting week (November 21), foreign exchange reserves declined by USD 4.472 billion to USD 688.104 billion, pushed by a hunch in each international forex belongings and gold reserves.
Over the previous many weeks, the foreign exchange kitty has been largely in a downtrend.
RBI’s ‘Weekly Statistical Supplement’ knowledge confirmed that India’s international forex belongings (FCA), the most important element of international change reserves, stood at USD 557.031 billion, down USD 3.569 billion.
Interestingly, gold reserves elevated by 1.613 billion to USD 105.795 billion throughout the present reporting week.
The value of the safe-haven asset gold has been on a pointy uptrend over current months, maybe amid heightened international uncertainties and sturdy funding demand.
The knowledge confirmed that the Special Drawing Rights (SDRs) elevated by USD 63 million to USD 18.628 billion. The nation’s reserve place with the International Monetary Fund (IMF) elevated by USD 16 million to USD 4.772 billion, as per the info.
Foreign change 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.
In 2023, India added round USD 58 billion to its international change reserves, contrasting with a cumulative decline of USD 71 billion in 2022.
In 2024, the reserves rose by somewhat over USD 20 billion.
So far in 2025, the foreign exchange kitty has cumulatively elevated by about USD 48 billion, knowledge confirmed.
The RBI typically 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 sells when it weakens. (ANI)