Foreign exchange reserves rise for fifth week in a row

Foreign exchange reserves rise for fifth week in a row

Overseas change reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the earlier week. In comparison with end-March 2025, the reserves rose by $ 7.9 billion, and have been greater by $ 27.7 billion on a year-on-year foundation.
The $10.9 weekly enhance happened through the week which noticed the greenback fall globally within the wake of forex market reactions to the tariff battle unleashed by President Donald Trump.
Apart from the acquisition of {dollars} by RBI, foreign exchange reserves additionally rose attributable to valuation features of non-dollar property held by the RBI. Overseas forex property, the most important element, have been at $ 574.09 billion. TNN

Leave a Reply

Your email address will not be published. Required fields are marked *