Last Updated:February 14, 2025, 17:50 ISTGold reserves increase by $1.315 billion to $72.208 billion during the week; special drawing rights (SDRs) fa
Last Updated:
Gold reserves increase by $1.315 billion to $72.208 billion during the week; special drawing rights (SDRs) fall by $11 million to $17.878 billion.
For the week ended February 7, foreign currency assets, a major component of the reserves, increased by $6.422 billion to $544.106 billion.
India’s foreign exchange (forex) reserves jumped $7.654 billion to $638.261 billion in the week ended February 7, according to the latest RBI data released on Friday. This is the third consecutive week of a jump in the kitty, which had increased by $1.05 billion to $630.607 billion for the week ended January 31.
Gold reserves increased by $1.315 billion to $72.208 billion during the week. The special drawing rights (SDRs) were down by $11 million to $17.878 billion, according to the data.
The reserves had been on a declining trend recently due to revaluation along with forex market interventions by RBI to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of $704.885 billion at end-September 2024.
For the week ended February 7, foreign currency assets, a major component of the reserves, increased by $6.422 billion to $544.106 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
India’s reserve position with the IMF was down by $71 million at $4.069 billion in the week under review, the RBI data showed.
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