foreign exchange reserves
India’s forex reserves have seen an increase for the fourth consecutive week. The special thing is that in about a month, there has been an increase of about 37 billion dollars i.e. more than Rs 3.34 lakh crore in India’s forex. Due to which Forex has reached record high in the country’s treasury. The special thing is that the main reason for increase in forex reserves is gold. In which there has been an increase of more than 14.50 billion dollars. Whereas a slight decline has been seen in foreign currency assets. According to experts, the gold in the treasury of RBI has crossed 137 billion dollars. Let us also tell you what kind of forex reserve figures have been released by RBI…
How much forex reserve does India have?
According to the information given by the Reserve Bank of India, the country’s foreign exchange reserves increased by $ 14.36 billion to reach an all-time high of $ 723.77 billion during the week ending January 30. Due to this, the total foreign exchange reserves had increased by $ 8.05 billion in the last week and reached the highest level of $ 709.41 billion. Even before this, in September 2024, foreign exchange reserves had reached a high of $ 704.89 billion. The special thing is that the country’s forex reserves have seen an increase for the fourth consecutive week. In these four weeks, there has been an increase of 36.97 billion dollars i.e. 3.34 lakh crore rupees in the country’s forex reserves. If experts are to be believed, further increase in forex reserves may be seen in the coming days.
Decline in assets, increase in gold reserves
According to the data released by the Central Bank, in the week ending January 30, foreign currency assets, considered an important part of the currency reserves, decreased by $ 493 million to $ 562.39 billion. Foreign currency assets expressed in dollar terms include the effects of appreciation or depreciation in non-US currencies such as the euro, pound and yen held in foreign exchange reserves. The Reserve Bank said that during the week under review, the value of gold reserves increased by $ 14.59 billion to $ 137.68 billion. The central bank said that Special Drawing Rights (SDR) increased by $ 216 million to $ 18.95 billion. According to the data, India’s reserve position with the International Monetary Fund (IMF) also increased by $ 44 million to $ 4.74 billion in the week under review.
world’s 5th largest country
The special thing is that India is the fifth largest country in the world in terms of forex reserves. Which has more than 723 billion dollars forex reserve. Look at the figures: In terms of forex reserve figures, India is only 100 billion dollars less than Russia. At present, Russia’s forex reserve is 826.80 billion dollars. At the same time, Switzerland’s forex reserve has crossed 1000 billion dollars. China is the largest country in the world in terms of forex reserves. Who has forex reserves of more than 3 trillion dollars. After that is Japan, whose forex is 1.3 trillion dollars.