India's forex reserves rise to $623 billion, hit 21-month high

[DDG-80]

India's foreign exchange (forex) reserves continued to rise for the third consecutive week, adding $4.471 billion more in the week ending December 22, to hit an over 21-month high of $620.441 billion, according to the weekly data released by the Reserve Bank of India (RBI) on Friday, December 29.

India's forex reserves hit over 21-month high; jump $4.4 billion to $620 billion

For the week ended December 22, the foreign currency assets, which are the single largest component of the reserves, increased by $4.898 billion to $549.747 billion, according to RBI.

www.livemint.com

 

[Ali_Baba]

At the rate India is going, India FX reserves ALONE will be x2 the size of the whole Pakistani economy! Not far to go as Pakistan's economy is $348billion at the moment and still going down !!

Wonder what the academically challenged dum dum boot wearers in Pakistan think of that then !!!!

 

[DDG-80]

Since early pandemic phase India became a net creditor to the world. And what it means is that the country has built up buffers against cyclical difficulties like those, which some countries are experiencing right now.

 

[DDG-80]

India’s forex reserves rise to the highest level in 21 months

India's foreign exchange reserves rose to highest level in 21 months, increasing by $44.751 billion since March 2023.

www.thehindubusinessline.com

 

[onlinpunit]

Awaiting the magic figure of 1 T !

 

[CallSignMaverick]

At the rate India is going, India FX reserves ALONE will be x2 the size of the whole Pakistani economy! Not far to go as Pakistan's economy is $348billion at the moment and still going down !!

Wonder what the academically challenged dum dum boot wearers in Pakistan think of that then !!!!

Its due to foreign portfolio investment in the Indian stock market. They've been investing a lot. Within a month Indian stock market went from becoming a $4 trillion market to $4.5 trillion due to them. But they're highly volatile as well.

Would be better if this increase in forex comes from exports and FDI more than remittances and FPIs.

 

[Pingle]

Just few months back I was upset to see forex reserves going below 573 billion and now just see the speed of recovery.....

 

[harpy1]

At the rate India is going, India FX reserves ALONE will be x2 the size of the whole Pakistani economy! Not far to go as Pakistan's economy is $348billion at the moment and still going down !!

Wonder what the academically challenged dum dum boot wearers in Pakistan think of that then !!!!

Trying to maintain a reasonable defense posture against India by future Pakistan military is edging towards impossible scenario ...the economic gap is just too big now already and getting bigger...
You can't spend one dollar and match India who can and will spend 10 dollars and in future 15 dollars

 

[MH.Yang]

At the same time, India's total external debt reached $640 billion.

This means that most of India's foreign exchange comes from FDI and the bond market, not from exports.

These foreign currencies do not belong to Indians. In the event of a withdrawal of foreign investment, India's economy is likely to collapse in an instant.

 

[protest]

At the same time, India's total external debt reached $640 billion.

This means that most of India's foreign exchange comes from FDI and the bond market, not from exports.

These foreign currencies do not belong to Indians. In the event of a withdrawal of foreign investment, India's economy is likely to collapse in an instant.

Lol. Loans are contracted. They cannot be withdrawn at one's whims. Anyways, we understand your frustration.

 

[Dual Wielder]

At the rate India is going, India FX reserves ALONE will be x2 the size of the whole Pakistani economy! Not far to go as Pakistan's economy is $348billion at the moment and still going down !!

Wonder what the academically challenged dum dum boot wearers in Pakistan think of that then !!!!

The khaki adminstrators have done many wonderful economical miracles for Pakistan the last 70 odd years, and with the current trajectory i wouldn't be surprised if bollywood revenue in the near future exceeds our national 'defence' budget, perhaps our 'esteemed' chowkidars, should not take Sunny Deol so lightly...

 

[SD 10]

At the rate India is going, India FX reserves ALONE will be x2 the size of the whole Pakistani economy! Not far to go as Pakistan's economy is $348billion at the moment and still going down !!

Wonder what the academically challenged dum dum boot wearers in Pakistan think of that then !!!!

the window for Pakistan to even have a strategic level of competence in economic sphere vis a vis india is fast closing, and we are sleeping!