Poging GOUD - Vrij
India's Forex Reserves Climb to 7-Month High of $690.6 Billion
The Business Guardian
|May 19, 2025
India's foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed.
-
The previous all-time high was at USD 704.89 billion in September 2024. After extending gains for the eighth straight week, forex kitty fell the next week, to again rise in the May 9 ending week. Barring the latest jump, forex reserves had slumped for about four months.
The latest RBI data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 581.373 billion.
The gold reserves currently amount to USD 86.337 billion, according to RBI data. It rose by whopping USD 4.518 billion in the latest week.
Central banks world over are increasingly accumulating safe-haven gold in their foreign exchange reserves kitty, and India is no exception. The share of gold maintained by the Reserve Bank of India (RBI) in its foreign exchange reserves has almost doubled since 2021.
Estimates suggest that India's foreign exchange reserves are sufficient to cover approximately 10-12 months of projected imports.
In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022.
In 2024, the reserves rose by a little over USD 20 billion.
Dit verhaal komt uit de May 19, 2025-editie van The Business Guardian.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business Guardian
The Business Guardian
India aims to secure 10% of 6G patents by 2030: DoT Secretary
India aims to secure at least 10 per cent of global 6G patents by 2030, Secretary of the Department of Telecommunications Neeraj Mittal said on Tuesday, underlining the government's vision to make India a global leader in next-generation telecom technology.
1 min
November 06, 2025
The Business Guardian
FSSAI issues strict advisory on eco-friendly disposal of expired and seized food items
The Food Safety and Standards Authority of India (FSSAI) has issued a strong advisory to ensure environmentally safe disposal of seized, rejected, and expired food products.
2 mins
November 06, 2025
The Business Guardian
Delhi Jal Board employee found dead in bathroom with stab injury on neck
A Delhi Jal Board employee was found dead in his flat in Delhi's Begumpur area on Monday afternoon with a stab injury on the right side of his neck, said police officials.
1 min
November 06, 2025
The Business Guardian
RAHUL GANDHI'S HARYANA CLAIMS: A YEAR LATE, A DAY EARLY
On Wednesday, less than 24 hours before the first phase of polling in Bihar, Congress leader Rahul Gandhi held a press conference alleging large-scale manipulation of the Haryana electoral rolls that were used in the assembly elections last year.
3 mins
November 06, 2025
The Business Guardian
When your body becomes “Data”: Privacy risks in women’s digital health
In today’s digital ecosystem, a woman's health is no longer confined to clinics or consultation rooms; instead, it is increasingly stored, processed, and monetized in the ever-expanding expanse of cyberspace. From period-tracking and pregnancy-monitoring apps to online consultations and electronic health records, women’s most intimate information now lives in the digital domain. Yet, even as India opens its arms to the promise of digital health, the privacy of women’s health data remains an unguarded frontier
3 mins
November 06, 2025
The Business Guardian
NAVIGATING AI CONSCIOUSNESS: FROM SCIENCE FICTION DREAMS TO SCIENTIFIC REALITY
Despite no evidence of sentience, a surprising number of experts and the public believe AI may already be conscious—20% of U.S. adults and 17% of researchers agree. This belief clashes with Microsoft leaders' warnings against anthropomorphizing AI— highlighting how science fiction deeply shapes our imagination, even among those building the technology.
8 mins
November 06, 2025
The Business Guardian
India, New Zealand stress on balanced and high-quality FTA deal
India and New Zealand are working steadily toward a Free Trade Agreement (FTA), with both sides committed to achieving a balanced deal that benefits citizens and strengthens economic ties, New Zealand's Trade and Investment Minister Todd McClay said ‘on Wednesday.
1 mins
November 06, 2025
The Business Guardian
MEITY UNVEILS INDIA AI GOVERNANCE GUIDELINES
The guidelines aim to balance innovation and accountability, ensuring that AI serves as a catalyst for inclusive growth and public trust.
1 mins
November 06, 2025
The Business Guardian
Alcobev associations warn of supply shortage in Telangana as payment crisis worsens
Leading industry associations of the alcoholic beverages industry -- ISWAI( International Spirits and Wines Association of India), the BAI (Brewers Association of India) and CIABC (Confederation of Indian Alcoholic Beverage Companies) -- today said the Alcobev Sector in Telangana continues to reel under tremendous financial crisis due the worsening payment situation by the Telangana Government vide supply of liquor and beer to the State owned wholesaling corporation.
2 mins
November 06, 2025
The Business Guardian
Delhi's AQI declining due to coordinated civic efforts: Sirsa
Delhi Environment Minister Manjinder Singh Sirsa on Wednesday said the city's Air Quality Index (AQI) is showing a declining trend due to coordinated civic efforts.
1 min
November 06, 2025
Listen
Translate
Change font size