India's forex reserves increased by $15.267 billion

India's foreign exchange reserves rose by $15.267 billion in the week ending March 7, marking the largest increase in over two years. This surge followed a $10 billion forex swap by the central bank to enhance liquidity. The reserves now stand at $704.885 billion, reaching an all-time high in September 2024. Foreign currency assets increased by $13.993 billion, while Special Drawing Rights rose by $212 million to $18.21 billion. India's reserve position with the IMF decreased by $69 million to $4.148 billion. Economic indicators suggest a recovery in activity for the second half of 2024-25, with growth estimates of 6.5% to 6.7% for 2025-26.