Denemek ALTIN - Özgür
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.
Bu hikaye The Business Guardian dergisinin May 19, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The Business Guardian'den DAHA FAZLA HİKAYE
The Business Guardian
Symbiosis Dubai's MBA 2025 batch secures 98% internships in first year
Within just one year of its launch, Symbiosis Dubai’s MBA program has recorded a 98% internship and placement success rate for its Class of 2025 - a testament to the university's strong industry connections, innovative learning approach, and commitment to shaping career-ready business leaders.
2 mins
November 04, 2025
The Business Guardian
High command’s decision final: K’taka CM on speculation of leadership change
Amidst the ongoing rumours regarding the change of Chief Minister in Karnataka, CM Siddaramaiah on Monday said that the Congress party high command will take the final decision on the issue.
1 mins
November 04, 2025
The Business Guardian
Global mergers and acquisitions rise 10% to USD 1.9 trillion in 2025: BCG report
Global mergers and acquisitions (M&A) activity is showing signs of recovery after a slow start to the year, with deal value rising 10 per cent to USD 1.9 trillion through the first nine months of 2025, according to the 22nd Annual Global M&A Report released by the Boston Consulting Group (BCG).
1 min
November 04, 2025
The Business Guardian
Vaishnaw reviews Gujarat semiconductor push
Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, stated that under the leadership of Prime Minister Narendra Modi, a focused campaign has been undertaken for the advancement of the electronics and semiconductor sector, said the release.
1 mins
November 04, 2025
The Business Guardian
GST COLLECTIONS RISE 4.6% TO RS 1.96 LAKH CRORE IN OCTOBER
October GST revenue grows steadily, driven by imports and strong consumer demand.
1 mins
November 04, 2025
The Business Guardian
Teenager killed in leopard attack, villagers set forest dept vehicle, office on fire
‘13-year-old boy was mauled todeath bya leopard in Pune district on Sunday, triggering public anger, a Pune Rural Police official said.
1 mins
November 04, 2025
The Business Guardian
Indian stock markets now in a healthier state compared to last year: Motilal Oswal
‘The domestic stock markets are now ina healthier state compared to last year as the earnings cycle appears tobe bottoming out, according to a report by Motilal Oswal Financial Services.
1 mins
November 04, 2025
The Business Guardian
India Post Payments Bank signs MoU with EPFO for doorstep Digital Life Certificate services
India Post Payments Bank (IPPB), a fully Government of India-owned entity under the Department of Posts, Ministry of Communications, has signed a Memorandum of Understanding (MoU) with the Employees' Provident Fund Organisation (EPFO), Ministry of Labour & Employment, to offer doorstep Digital Life Certificate (DLC) services for pensioners under the Employees' Pension Scheme, 1995 (EPS'95), according to a Ministry of Communications press release.
1 min
November 04, 2025
The Business Guardian
PhonePe rolls out feature that safeguards users from making fraudulent transactions
Fintech platform PhonePe has rolled out a security framework designed to safeguard users from fraudulent transactions.
1 min
November 04, 2025
The Business Guardian
India’s manufacturing PMI rises to 59.2 in October, boosted by GST relief
The manufacturing sector in the country saw a strong expansion in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) rising to 59.2, up from 57.7 in September, according to data released by S&P Global.The improvement reflects a quicker pace of growth in the health of the sector, supported by GST relief, productivity gains, and increased technology investments.
1 mins
November 04, 2025
Listen
Translate
Change font size