India’s forex reserves fell to $638.69 billion in the week ending February 21, 2025, down by $1.7 billion, said the Reserve Bank of India on Friday.
India’s forex kitty
The central bank releases India’s forex reserves’ data every Friday, closely monitoring the economic indicator of foreign trade.
The RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.
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