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Business News: India's foreign exchange reserves increased by $1.48 billion to $695.10 billion in the week ended August 15. This figure was released by the Reserve Bank of India (RBI) on Friday. At the end of September 2024, India's foreign exchange reserves reached $704.885 billion, which is the highest level ever.
In the week of August 15, foreign currency assets increased by $1.92 billion to $585.90 billion. Which is the largest share of the total reserves. Apart from the dollar, these assets also include the effect of fluctuations in the prices of foreign currencies like the euro, pound, and yen.
This week, the gold reserves fell by $2.16 billion to $86.16 billion. India's reserve position in the IMF increased by $15 million to $4.75 billion. Generally, the RBI tries to prevent a sharp fall in the rupee and maintain liquidity balance by taking steps like buying and selling dollars in the market from time to time. The RBI says that it keeps a close watch on the foreign exchange market and intervenes only when needed so that there is not much fluctuation in the exchange rate of the rupee.
On the other hand, there has been a slight improvement in Pakistan's foreign exchange reserves. During the week ended August 15, 2025, the holding of the State Bank of Pakistan increased by $13 million to $14.256 billion. According to the data released by the central bank, the country's foreign exchange reserves stood at $19.571 billion. Out of this, the share of commercial banks is $5.315 billion.
The State Bank of Pakistan has foreign exchange reserves of $14.256 billion. According to Ketrade Securities, the total foreign exchange reserves are $19.6 billion with an import cover of 2.32 months. The SBP's reserves saw a week-on-week increase of 0.09 percent to $14.3 billion. The reserves of commercial banks increased by 1.16 percent to $5.3 billion.