India's forex reserves jump $15.27 billion to $653.97 billion, sharpest weekly rise in over two years
India's foreign exchange reserves rose by $15.267 billion to $653.966 billion in the week ended 7 March 2025, as per RBI data released on 14 March, the sharpest weekly rise in over two years.
Summary
RBI data released on 14 March 2025 showed India's foreign exchange reserves rose by $15.267 billion to $653.966 billion in the week ended 7 March, the biggest weekly gain in over two years. The rise was attributed mainly to the RBI's $10 billion dollar-rupee buy-sell swap of 28 February, done to inject rupee liquidity, along with revaluation. Foreign currency assets rose by $13.993 billion to $557.282 billion. Reserves had touched an all-time high of $704.885 billion at the end of September 2024.
Key facts
- Reserves
- $653.966 billion (week ended 7 March 2025)
- Weekly rise
- $15.267 billion — sharpest in over 2 years
- Main reason
- RBI's $10 billion buy-sell swap, 28 February 2025
- Foreign currency assets
- $557.282 billion
- All-time high
- $704.885 billion, end-September 2024
Practice MCQs 1 questions
The sharp $15.27 billion rise in India's forex reserves in the week ended 7 March 2025 was attributed mainly to what?
Show answer
Correct answer: A — An RBI $10 billion dollar-rupee buy-sell swap
The rise was attributed mainly to the RBI's $10 billion buy-sell forex swap of 28 February 2025, in which it bought dollars against rupees to inject liquidity.