Overview
- India’s stockpile of foreign currency and gold, which the RBI reported Friday for the week ended April 17, rose by $2.362 billion to $703.308 billion.
- RBI data show broad gains that week with foreign currency assets up $1.481 billion to $557.463 billion, gold up $790 million to $122.133 billion, SDRs at $18.841 billion, and the IMF position at $4.87 billion.
- Pakistan’s central-bank reserves edged up to $15.097 billion for the same week, taking the country’s total liquid reserves, including commercial banks, to about $20.628 billion.
- SBP noted a $1 billion deposit from Saudi Arabia and a $1 billion repayment to the UAE during that week, with both flows set to appear in subsequent reserve reports.
- India’s reserves had hit a record $728.494 billion in late February before West Asia tensions prompted RBI dollar sales that trimmed the stockpile, and the recent rebuild signals easing pressure on the rupee.