India and Pakistan
The treasury of India has increased. The country’s foreign exchange reserves rose $ 6.60 billion to $ 665.40 billion in the week ended on March 28. The Reserve Bank of India i.e. RBI gave this information on Friday. The RBI said that foreign exchange reserves had increased by $ 4.53 billion to $ 658.8 billion last week. This is the fourth consecutive week when foreign exchange reserves have increased. Recently, foreign exchange reserves declined due to the central bank’s intervention to re-evaluation and reduce rupee fluctuations.
Gold store increases
In September 2024, foreign exchange reserves rose to $ 704.89 billion at all time high. According to the Reserve Bank data, foreign exchange assets rose $ 6.16 billion to $ 565.01 billion in the week ended March 28. Foreign exchange assets mentioned in terms of dollars include the effects of the decrease of non-American currencies such as euros, pounds and yen placed in foreign exchange reserves. In the week under review, the price of Gold Reserve rose by $ 51.9 million to $ 77.79 billion. During this period, special drawing rights i.e. SDR declined by $ 6.5 million to $ 18.18 billion. According to the data, India’s reserved reserves with the International Monetary Fund (IMF) declined by $ 1.6 million to $ 4.41 billion in the week ended on March 28.
Pakistan’s treasury also increased
On the other hand, Pakistan’s foreign exchange reserves have also increased. The foreign exchange reserves with State Bank of Pakistan have increased by $ 70 million to $ 10.68 billion. At the same time, the net foreign exchange reserves with commercial banks reached $ 4.90 billion. In this way, the total liquid foreign exchange reserves with Pakistan have increased to $ 15.58 billion.
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