India’s Forex Reserves See Sharpest Jump in Two Years RBI Data
In a significant development, India’s foreign exchange reserves surged by $15.267 billion to reach $653.966 billion during the week ending March 7, 2025, marking the sharpest rise in over two years. This sudden spike is primarily attributed to the $10 billion forex swap conducted by the Reserve Bank of India (RBI) on February 28, 2025, where the central bank purchased dollars against the rupee to inject liquidity into the system.
Component | Change during the week | Current Value |
Foreign Currency Assets (FCA) | Increased by $13.993 billion | $557.282 billion |
Gold Reserves | Decreased by $1.053 billion | $74.325 billion |
Special Drawing Rights (SDRs) | Increased by $212 million | $18.21 billion |
Reserve Position with IMF | Decreased by $69 million | $4.148 billion |
Summary/Static | Details |
Why in the news? | India’s Forex Reserves See Sharpest Jump in Two Years: RBI Data |
Total Forex Reserves (March 7, 2025) | $653.966 billion |
Weekly Increase | $15.267 billion |
Major Contributor | $10 billion forex swap by RBI |
Foreign Currency Assets | $557.282 billion |
Gold Reserves | $74.325 billion |
SDRs | $18.21 billion |
Reserve Position with IMF | $4.148 billion |
All-time High | $704.885 billion (September 2024) |
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