• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s Forex Reserves Surge To $676.3 Billion

OMMCOM NEWS by OMMCOM NEWS
April 11, 2025
in Business
foreign exchange

Mumbai: India’s foreign exchange reserves surged by $10.8 billion to $676.3 billion during the week ended April 4, according to data released by the Reserve Bank of India on Friday.

This is the fifth consecutive week to register an increase in forex reserves.

The foreign currency assets, a component of India’s reserves, rose by $9 billion to $574.08 billion, while the gold reserves portion increased by $1.5 billion to $79.36 billion, the RBI’s weekly statistical report showed.

Besides, Special Drawing Rights (SDR) went up by $186 million to $18.36 billion.

India’s foreign exchange reserves had shot up by $6.6 billion to a five-month high of $665.4 billion in the preceding week ended on March 28, 2025.

The declining trend of earlier weeks due to revaluation and forex market interventions by the RBI to help reduce volatility in the rupee has now been reversed in the last five weeks.

Earlier, the country’s forex reserves had increased to an all-time high of $704.885 billion in September 2024.

Any strengthening of the country’s foreign exchange kitty also helps bolster the rupee vis-a-vis the US dollar, which is good for the economy. With the recent increase in foreign exchange reserves, the rupee has also emerged stronger.

An increase in the foreign exchange reserves reflects strong fundamentals of the economy and gives the RBI more headroom to stabilise the rupee when it turns volatile.

A strong forex kitty enables the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall.

Conversely, a declining forex kitty leaves the RBI less space to intervene in the market to prop up the rupee.

Meanwhile, India’s merchandise trade deficit has narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while imports declined, according to the latest data compiled by the Ministry of Commerce and Industry. This reflects a strengthening of the external sector of the economy despite geopolitical tensions triggering economic uncertainty in the world market.

(IANS)

Tags: Foreign ExchangeIndiaIndia's forex reservesMumbaiReserve Bank of India
ShareTweetSendSharePinShareSend
Previous Post

US Hails Rana’s Extradition, Says ‘Long Sought Justice’ For 26/11 Victims

Next Post

Manipal Hospitals Bhubaneswar Commemorates World Parkinson’s Day 2025

Related Posts

Business

Lokpal Gives Clean Chit To Former SEBI Chief Madhabi Puri Buch In Hindenburg Allegations Case

May 28, 2025
Business

Radico Khaitan Withdraws ‘Trikal’ Whisky; Stock May See Pressure

May 28, 2025
Business

India’s Growth More Stable In FY26 And FY27 As China Falters: EY Report

May 28, 2025
Business

India’s Industrial Production Registers 2.7 Per Cent Growth In April

May 28, 2025
Business

N Chandrasekaran Step Downs As Tata Chemicals Chairman

May 28, 2025
Indian stock market
Business

Indian Stock Market Ends Lower, FMCG Stocks Drag

May 28, 2025
Next Post

Manipal Hospitals Bhubaneswar Commemorates World Parkinson’s Day 2025

Reserve Bank of India

RBI To Buy Govt Bonds Worth Rs 40,000 Crore On April 17

Italy's Deputy PM

We Look Forward To Invest More In India, Boost Exports: Italy's Deputy PM

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.