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India’s foreign exchange reserves have increased by $ 1.48 billion to $ 695.10 billion in the week ended on August 15. This figure was released on Friday by the Reserve Bank of India (RBI). In the end of September 2024, India’s foreign exchange reserves reached $ 704.885 billion, which is the highest level ever.
Foreign currency assets increased by $ 1.92 billion to $ 585.90 billion in August 15 week. Which is the largest share of total reserves. Apart from dollars, these properties also include the effect of fluctuations in the prices of foreign currencies like euro, pounds and yen.
India’s reserve position rose $ 1.5 million
Gold reserves have come down by $ 2.16 billion to $ 86.16 billion this week. In the IMF, India’s reserve position rose $ 1.5 million to $ 4.75 billion. Generally, the RBI periodically tries to prevent a sharp fall in the rupee by taking steps like buying and selling dollars in the market and keeping liquidity balance. The RBI says that it keeps a strong monitoring on the foreign exchange market and interferes only when the need is not much fluctuated in the exchange rate of the rupee.
Pakistan’s foreign exchange reserves also improve
On the other hand, there has been a slight improvement in Pakistan’s foreign exchange reserves. State Bank of Pakistan’s holding increased by $ 1.3 million to $ 14.256 billion during the week ended on 15 August 2025. According to data released by the central bank, the country’s foreign exchange reserves stood at $ 19.571 billion. Of this, commercial banks share $ 5.315 billion. State Bank of Pakistan has a foreign exchange reserves of $ 14.256 billion. According to Ketred Securities, the total foreign exchange reserves are $ 19.6 billion with an import cover of 2.32 months. SBP’s reserves saw an increase of 0.09 per cent week by week and it increased to $ 14.3 billion. Commercial bank reserves increased by 1.16 per cent and increased to $ 5.3 billion.