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Forex kitty up by $15.3 bn, biggest rise since Aug '21
The New Indian Express Tirupati
|March 14, 2025
THE foreign exchange reserves, which have been falling since October as the RBI was defending the rupee, has recorded biggest weekly gains since August 27, 2021, jumping by $15.3 billion to touch $654 billion for the week to March 7.
The gain was primarily due to the $10 billion rupee-dollar swap conducted on February 28, apart from the valuation gains due to the increase in gold prices. The reserves had peaked at $704.9 billion in the week to September 27, 2024, but since then it has been a southwa
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