In a striking turnaround, India’s foreign exchange reserves skyrocketed by $15.267 billion in the week ending March 7, 2025, reaching $653.966 billion. This surge follows a decline of $1.78 billion in the previous week. Interestingly, the increase alone is nearly equal to Pakistan’s total forex reserves.
Foreign Currency Assets Drive Growth
The bulk of this rise came from a $13.93 billion boost in Foreign Currency Assets (FCA), which now stand at $557.28 billion. The FCA, influenced by fluctuations in global currencies like the Euro, Pound, and Yen, remains the cornerstone of India’s forex reserves.
Gold Reserves Shine Brighter
India’s gold reserves also expanded by $1.05 billion, pushing the total to $74.325 billion—a sign of continued diversification in the country’s reserve strategy.
With reserves inching back toward the record high of $704.88 billion (Sept 2024), India’s forex cushion remains a formidable force on the global financial stage.
