India’s forex reserves down $2.5 bn at $635.7 bn as of February 14, ET BFSI
India’s foreign exchange reserves have been down $2.5 billion at $635.72 billion as of February 14, 2025, information launched by the Reserve Bank of India information confirmed on Friday.
In the meantime, Gold Reserves stood at $74.15 billion, rising by $1.9 billion, whereas Overseas Forex Property dipped by $4.5 billion and settled at $539.59 billion.
The Weekly Statistical Complement launched by the RBI confirmed that Particular Drawing Rights (SDRs) was up by $19 million and stood at $17.89 billion. The Reserve Financial institution’s place in IMF was up 14 million at $4.08 billion.
Earlier this month, the central financial institution additionally introduced a 25 foundation level discount within the repo price, decreasing it to six.25 per cent on the final assembly of the Financial Coverage Committee. This was the primary reduce in 5 years.
India’s foreign exchange kitty
The central financial institution releases India’s foreign exchange reserves’ information each Friday, carefully monitoring the financial indicator of international commerce.
The RBI, now and again, intervenes out there by means of liquidity administration, together with by means of the promoting of {dollars}, with a view to stopping a steep depreciation within the rupee.
The RBI carefully screens the international trade markets and intervenes solely to take care of orderly market circumstances by containing extreme volatility within the trade price, irrespective of any pre-determined goal stage or band.
