India\u2019s foreign exchange reserves have risen to the highest-level since November last year to $686.14 billion, which shows a resilient economy amid global uncertainties.<\/p>\n\n\n\n
According to data from the Reserve Bank of India (RBI), the country\u2019s forex kitty swelled by $8.31 billion for the period ended April 18, over the previous reporting week, which is the seventh consecutive advance.<\/p>\n\n\n\n
The reserves had added $1.57 billion in the week ended April 11.
Forex reserves have steadily recovered after a steep fall from their peak of $700 billion at the end of September. The overall forex kitty witnessed an all-time high of $704.885 billion in September 2024.<\/p>\n\n\n\n
For the week ended April 18, foreign currency assets \u2014 a major component of the reserves \u2014 rose to $578.49 billion, according to the RBI data. The RBI reported that gold reserves saw an increase of $4.575 billion, reaching $84.572 billion during this period. According to the apex bank, Special Drawing Rights (SDRs) increased by $212 million to $18.568 billion.<\/p>\n\n\n\n
The data showed that India\u2019s reserve position with the IMF registered an increase of $7 million, reaching $4.51 billion in the reporting week.<\/p>\n\n\n\n
India\u2019s financial markets have developed into a dynamic and resilient force to fuel economic growth with an almost doubling of the foreign exchange market from $32 billion in 2020 to $60 billion in 2024 and the average daily volumes in the overnight money markets surging from about Rs 3 lakh crore to over Rs 5.4 lakh in this four-year period, according to RBI Governor Sanjay Malhotra.<\/p>\n\n\n\n
There has also been a 40 per cent surge in average daily volumes in the government securities (G-secs) markets to Rs 66,000 crore over the same period.<\/p>\n\n\n\n
Malhotra said all the financial market segments of the country, including Forex, G-sec, and Money Markets, have largely remained stable. While the Rupee came under a bit of pressure a few months ago, it has fared better thereafter and regained some lost ground.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s foreign exchange reserves have risen to the highest-level since November last year to $686.14 billion, which shows a resilient economy amid global uncertainties.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-484286","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/484286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=484286"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/484286\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=484286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=484286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=484286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}