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Rupee Gets a Power-Up: Forex Reserves Hit $677.83 Billion Milestone

Updated: April 19, 2025 20:48

Image Source: NDTV
The foreign exchange reserves of India have maintained their growth, rising for the sixth week and reaching $677.83 billion on April 11, 2025. This consistent growth is an indicator of the country's strong external position and continued confidence in its macroeconomic stability.
 
Overall Growth
  • India's forex reserves increased by $1.567 billion during the week ended April 11, 2025, to a total of $677.83 billion.
  • This is the sixth week in a row that the reserves have increased, with the reserves increasing by $10.87 billion in the last week.
Component Breakdown
  • Foreign Currency Assets (FCA): Went up by $892 million to $574.98 billion, still the largest component of the reserves.
  • Gold Reserves: Increased by $638 million to $79.997 billion, capturing both price changes and potential purchases.
  • Special Drawing Rights (SDRs): Fell by $6 million to $18.356 billion.
  • IMF Reserve Position: Increased by $43 million to $4.502 billion.
Historical Context
  • India's forex reserves had already reached a record high of $704.89 billion in September 2024.
  • The present level is one of the highest in the world, highlighting India's robust defense against external shocks.
Significance and Implications
  • The ongoing build-up of reserves enhances India's capacity to deal with currency volatility and external commitments.
  • The Reserve Bank of India (RBI) oversees and manages these reserves to ensure orderly market conditions, intervening whenever necessary to avoid excessive rupee volatility.
Sources: The Print, The Peninsula Qatar, Business Standard, NewsOnAir, The Week, Economic Times

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