archiveIndia’s forex reserves

In 2023, India added nearly USD 58 billion to its forex reserves, reversing the trend from 2022, when the reserves saw a cumulative decline of USD 71 billion. India’s foreign exchange reserves rose by USD 8.310 billion to reach USD 686.145 billion for the week ending April 18, 2025, according to official data released by the Reserve Bank of India (RBI). This marks the seventh consecutive weekly increase in reserves. The reserves had earlier witnessed a slump for nearly four months after touching an all-time high of USD 704.89 billion...

In 2023, India added approximately USD 58 billion to its forex reserves, recovering from a USD 71 billion decline in 2022. In 2024, the reserves have risen by over USD 20 billion so far. India’s foreign exchange reserves continued their upward momentum, rising by USD 1.567 billion to USD 677.835 billion in the week ending April 4, according to data released by the Reserve Bank of India (RBI). This marks the sixth consecutive week of gains in the country’s forex holdings. The increase reflects strong foreign currency asset growth and...

The RBI is known for intervening in the forex market to manage the liquidity of the Rupee. The central bank’s intervention typically includes selling dollars to prevent a sharp depreciation of the Rupee and buying dollars when the Rupee is strong. India’s foreign exchange reserves rose by a substantial USD 6.6 billion in the week ending on March 28, reaching USD 665.396 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks the fourth consecutive week of gains, following a period of decline. The...