Big win on economic front, forex reserves jump by $1.7 billion; Gold reserve increased India’s credibility

India’s Forex Reserve: India’s foreign exchange reserves increased by $1.689 billion to $688.949 billion in the week ended December 12. This information was given by RBI on Friday. Last week, the country’s foreign exchange reserves were 687.26 billion dollars and during this period, it had increased by about 1.03 billion dollars. In the information given by the Reserve Bank of India (RBI), it was said that in the week ending December 12, the value of gold reserves increased by $ 758 million to $ 107.741 billion.

At the same time, the value of Special Drawing Rights (SDR) has increased by $ 14 million to $ 18.735 billion. Also, the value of India’s reserve position in the International Monetary Fund (IMF) has increased by $ 11 million to $ 4.686 billion.

Rupee weak against dollar

Moreover, the value of foreign currency assets, the largest part of foreign exchange reserves, increased by $906 million to $557.787 billion. India’s foreign exchange reserves have seen an increase at a time when the rupee remains weak against the dollar and the RBI is continuously using the dollar to support the rupee. This shows that dollar inflow into the country is strong.

Bumper increase in foreign investment also

India saw a sharp increase in foreign direct investment (FDI) this year. According to the information given by the Center to Parliament earlier this month, the total FDI inflow during the first half of the financial year 2025-26 ($50.36 billion) has been 16 per cent higher than the same period last year ($43.37 billion), which is the highest in any financial year. first half This is the highest level ever for.

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What are foreign exchange reserves?

Foreign exchange reserves are an essential financial instrument of any country. This country’s financial stability Plays a very important role in strengthening the rupee, whenever the rupee weakens, the RBI tries to strengthen the rupee by spending dollars, which keeps the financial system stable and makes it easier for the country to do business abroad.