India’s Forex Reserves Climb to $688.13 Billion
Why in the news
The Reserve Bank of India’s latest weekly data showed a further build-up in the country’s foreign exchange holdings.
Key facts
- Total reserves increased by $1.98 billion to $688.13 billion in the week ended 25 April.
- Foreign currency assets, the largest part of the reserves, were up $2.17 billion at roughly $580.6 billion.
- The data was published in the RBI’s Weekly Statistical Supplement.
| Item | Weekly change | Level |
|---|---|---|
| Total forex reserves | +$1.98 billion | $688.13 billion |
| Foreign currency assets | +$2.17 billion | about $580.6 billion |
About forex reserves
- Foreign currency assets form the major component of the reserves, as the figures above show.
- The RBI releases the data every week through its supplement.
Exam angle
- Publisher of weekly reserve data: RBI, in the Weekly Statistical Supplement.
- Biggest component: foreign currency assets.
- Week covered: the one ending 25 April.