India's foreign exchange reserves rose to $ 676.3 billion

Mumbai, April 12 (IANS). According to the latest data released by the Reserve Bank of India, the foreign exchange reserves of India rose $ 10.8 billion to $ 676.3 billion during the week ended April 4. This is the fifth consecutive week to record an increase in foreign exchange reserves. According to the RBI Weekly Statistical Report, a component of India’s reserves ‘foreign exchange assets’ increased by $ 9 billion to $ 574.08 billion, while the ‘Gold Reserves’ rose $ 1.5 billion to $ 79.36 billion. In addition, the special drawing rights (SDR) rose $ 186 million to $ 18.36 billion. India’s foreign exchange reserves rose $ 6.6 billion during the week on March 28, 2025, to a five -month peak of $ 665.4 billion. The trend to decline of last week has now been reversed to help RBI evaluation and foreign exchange market intervention to help reduce the instability in the rupee. Earlier, the country’s foreign exchange reserves increased to a peak of $ 704.885 billion in September 2024. The strengthening of the country’s foreign exchange reserves also helps to strengthen the rupee against the US dollar, which is considered a good sign for the economy. With the recent increase in foreign exchange reserves, the rupee has also strengthened. The increase in foreign exchange reserves reflects the strong foundations of the economy and gives more room to stabilize the rupil if the RBI is unstable. Strong foreign exchange reserves enable the RBI to interfere with the place and forward exchange market by issuing more dollars to prevent the rupee from falling. In contrast, the falling foreign exchange reserves give RBI less room to obstruct in the market to support the rupee. According to the latest data released by the Ministry of Trade and Industry, the Indian trading deficit in the trade trading on a 3 -year layer dropped at $ 14.05 billion in February, which was $ 22.99 billion in January. The export remained stable during this month, while imports decreased. This reflects the strength of the outer region of the economy despite geopolitical tensions that promote economic uncertainty in the global market. -Ians skt/kr