Another Day, Another Feather In Economic Cap- India Holds BBB- Rating As Fitch Cites Strong Economic Fundamentals
India is making significant financial progress and is steadily moving toward stronger economic growth. This improvement is also enhancing the country’s credibility on the global stage.
According to a report by the Reserve Bank of India (RBI), India’s foreign exchange reserves have been consistently increasing, a positive sign for the economy. In the week ending August 15, India’s forex reserves rose by USD 1.48 billion, bringing the total to USD 695.10 billion, as per the RBI’s latest Weekly Statistical Supplement. The increase was mainly driven by gains in foreign currency assets (FCA), which make up a major portion of the reserves. The RBI actively manages and monitors these reserves to maintain financial stability. This is a steady growth and strong economic fundamentals that offers a vital cushion against global financial uncertainties and external shocks.
After the latest monetary policy review, RBI Governor Sanjay Malhotra stated that India’s foreign exchange reserves are now large enough to cover 11 months of imports, a clear sign of economic strength.
India’s forex reserves have seen strong growth over the last few years. In 2022, they fell by about USD 71 billion, but bounced back in 2023 with a gain of USD 58 billion. The momentum continued in 2024, with reserves rising a little over USD 20 billion. So far in 2025, the reserves have already grown by around USD 53 billion, according to official data.
Foreign exchange reserves are the assets held by the central bank, mostly in major currencies like the US Dollar, and smaller amounts in the Euro, Japanese Yen, and British Pound. These reserves are crucial for managing currency stability, trade, and protecting the economy during global financial shocks.
The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep Rupee depreciation. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens.
(This report is from ANI and is curated for informational purposes only.)
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