If we talk about foreign exchange reserves, then the situation in India was a bomb last week. During the week ended March 7, its foreign exchange reserves have increased by $ 15.26 billion. A week before this, it declined by $ 1.78 billion during the week ended on 28 February. On the other hand, this week there is news of an increase in our neighboring foreign exchange reserves. However, last week India’s foreign exchange reserves have increased equal to Pakistan’s total foreign exchange reserves.
There was a significant increase in our foreign exchange reserves
According to data released by the Reserve Bank of India on Friday, India’s foreign exchange reserves increased by $ 15.267 billion during the week ended 7 March 2025. A week earlier, it declined by $ 1.781 billion during the week ended on 28 February 2025. With this, our foreign exchange reserves have now increased to $ 653.966 billion. It is worth noting that earlier during the week ended on 27 September 2024, his foreign exchange reserves were at a record high of $ 704.885 billion.
Increase in FCA
According to weekly data released by the Reserve Bank, India’s foreign exchange assets have increased during the week under review. Its foreign exchange assets (FCAs) have increased by $ 13.933 billion during the week ended on 7 March 2025. Now its FCA reserves have increased to $ 557.282 billion. It is noteworthy that foreign exchange assets or foreign currency assets (FCAs) are an important part of the country’s total foreign exchange reserves. Foreign exchange assets valued in dollars also include the effects of fluctuations in non-American currencies such as euros, pounds and yen.
Gold reserves also increased
Our gold reserves have also increased last week. According to the Reserve Bank, India’s gold reserves increased by $ 1.053 billion during the week ended 7 March 2025. With this, our gold reserves have now increased to US $ 74.325 billion.
SDR increased
According to the Reserve Bank data, India’s Special Drawing Rights (SDR) has also increased last week. The SDR has increased by $ 212 million during the week under review. It has now increased to $ 18.210 billion. This week, the reserved currency reserves of the country kept with the International Monetary Fund (IMF) have increased by $ 69 million. It has now increased to $ 4.078 billion.
Pakistan’s store also increased
Its neighboring country Pakistan is struggling with a huge shortage of foreign exchange reserves these days. Foreign exchange reserves fell by $ 75.1 million during the week ended on 7 March 2025. A week earlier, the store there had decreased by $ 51.9 million. With this, the foreign exchange reserves there have now increased to $ 15.928 billion.
