India Forex Reserve: The Reserve Bank of India (RBI) said on Friday that the country’s foreign exchange reserves declined by US $ 276 million to $ 699.96 billion in the week ending October 3. This figure is slightly below the level of US $ 700 billion. Last week, foreign exchange reserves had decreased by US $ 2.334 billion to US $ 700.236 billion. This is the second consecutive week when the country’s forex reserves have declined. This has happened especially due to reduction in foreign currency assets.

Foreign currency assets also decreased

Foreign currency assets (FCAs), the largest component of foreign exchange reserves, also declined by US$ 4.049 billion to US$ 577.708 billion during the reporting week. It is worth noting that the country’s foreign exchange reserves include not only the US dollar, but also currencies of many other countries like Euro, Pound Sterling and Yen. When the price of these currencies increases or decreases against the dollar, its effect is visible on the FCA. In the week under review, a slight increase of $ 25 million was recorded in Special Drawing Rights (SDR), which reached $ 18.814 billion.

India is still strong

At the same time, the country’s reserves with the International Monetary Fund (IMF) declined marginally by 4 million dollars this week to 4.6669 billion dollars. However, despite this slight decline, India remains one of the countries with the highest foreign exchange reserves. In the week ending October 3, an increase was seen in India’s gold reserves, which increased by $ 3.753 billion to reach the level of $ 98.77 billion.

How full is the treasury of Pakistan?

Along with this, if we look at the status of foreign exchange reserves of Pakistan, according to the data released on Thursday, the forex reserves of State Bank of Pakistan (SBP) have increased by 20 million dollars by October 3, 2025. With this it has now reached 14.42 billion dollars. SBP said in a statement, during the week ending October 3, 2025, our foreign exchange reserves increased by US $ 20 million to US $ 14,420.1 million. Last week also, Pakistan’s foreign exchange reserves had increased by 21 million dollars.

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The Reserve Bank said that the country’s gold reserve has also increased during the week ended August 29, which has increased by $ 1.766 billion to $ 86.769 billion. The Reserve Bank also stated that during this period special drawing rights or special drawing rights have also increased by $ 4 million to $ 18.775 billion. According to RBI data, India’s reserve position in the IMF has also increased by $ 1.8 million to $ 4.749 billion in the week under review.

RBI focus on gold reserve

This report about the country’s Forex Reserve came after the report that the trend of American Treasury Bills seems to be decreasing as RBI is increasing the holding of gold to increase India’s foreign exchange reserves.

According to recent data from the US Treasury Department and RBI, the Reserve Bank is focusing on increasing the gold reserve instead of American Treasury Bills to strengthen its foreign exchange holding. By June 27, 2025, the amount of gold in foreign exchange reserves reached 879.98 MT, which increased from 840.76 MT of June 28, 2024 to 879.98 MT by June 27, 2025.

Pakistan also increased forex reserve

Pakistan’s foreign exchange reserves have also increased in the week ended on August 29, 2025. According to data released by State Bank of Pakistan (SBP), Pakistan’s Forex Reserve rose to $ 19.65 billion by 29 August 2025 with a slight gain of $ 41.7 million or 0.21 %. The rise in the country’s foreign exchange reserves came due to SBP’s growth in its foreign exchange reserves, which increased by $ 28.2 million during the week and with this the State Bank of Pakistan reserves increased to $ 14.3 billion.

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