India’s foreign exchange reserves rose for the second week to USD 630.6 billion, whereas Pakistan’s reserves declined to USD 16.04 billion.
India’s Forex reserves strengthen amid Pakistan’s financial struggles
India’s international alternate reserves have elevated for the second consecutive week, bringing optimistic information for the economic system. The Reserve Bank of India (RBI) has additionally supplied aid to the general public by reducing rates of interest and making borrowing cheaper. While India sees development, Pakistan is dealing with a worrying development as its foreign exchange reserves proceed to decline for the second week in a row.
India’s Forex Reserves Reach USD 630.6 Billion
According to the most recent information from the RBI, India’s international alternate reserves stood at USD 630.6 billion as of January 31, 2025. This marks a rise of USD 1.05 billion in contrast to the earlier week. However, the reserves are nonetheless under their all-time excessive of USD 704.88 billion, which was recorded in September final yr.
Increase in Gold Reserves
One of the important thing components contributing to this rise is a rise in gold reserves, which grew by USD 1.2 billion, reaching a complete of USD 70.89 billion. However, international foreign money belongings declined, now standing at USD 537.68 billion. The RBI’s Weekly Statistical Supplement additionally reported that Special Drawing Rights (SDRs) elevated by USD 29 million, reaching USD 17.89 billion. Meanwhile, India’s reserves held with the International Monetary Fund (IMF) have witnessed a slight decline.
Pakistan’s Forex Reserves Decline
While India’s foreign exchange reserves proceed to rise, Pakistan is experiencing a downward development. During the final week of January, Pakistan’s international alternate reserves fell by USD 8 million, bringing the full to USD 16.044 billion. This drop highlights the continued financial challenges confronted by the nation.
India’s regular enhance in foreign exchange reserves offers financial stability, whereas Pakistan’s decline raises issues for its monetary future.
