Fri Feb 28 13:04:49 UTC 2025: ## India’s Forex Reserves Surge by $4.76 Billion
**Mumbai, India** – India’s foreign exchange reserves saw a significant rebound this week, jumping by USD 4.758 billion to reach USD 640.479 billion in the week ending February 21st, the Reserve Bank of India (RBI) announced Friday. This marks a reversal from the previous week’s USD 2.54 billion decline.
The increase is attributed to a rise in foreign currency assets (USD 4.251 billion increase to USD 543.843 billion), gold reserves (USD 426 million increase to USD 74.576 billion), Special Drawing Rights (USD 73 million increase to USD 17.971 billion), and the reserve position with the International Monetary Fund (USD 7 million increase to USD 4.09 billion).
The recent increase follows several weeks of decline, primarily due to revaluation and RBI interventions aimed at stabilizing the rupee. While reserves remain below the all-time high of USD 704.885 billion reached in September 2024, this week’s surge suggests a potential stabilization of the country’s forex holdings.
First Piper 