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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