Archive · 27 Jun 2025
India's Forex Reserves Dip, External Debt Rises, and Current Account Surplus Grows
Imagine India having money saved up in different currencies and gold.
These savings, called forex reserves, went down a bit recently.
Also, India owes money to other countries, and this debt went up.
However, India also made more money than it spent in a certain period, creating a surplus.
This means India is handling its money in a way that's changing the amounts of money coming in and going out.
India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20.
Foreign currency assets decreased by USD 357 million to USD 589.06 billion during the same week.
India's external debt reached USD 736.3 billion at the end of March 2025, a rise of USD 67.5 billion from the previous year.
The current account balance recorded a surplus of USD 13.5 billion in January-March 2025.
Long-term debt increased by USD 60.6 billion, while short-term debt's share decreased but the ratio to reserves rose.
- Who
- Reserve Bank of India (RBI)
- What
- India's forex reserves and external debt experienced fluctuations; the current account recorded a surplus.
- When
- Week ended June 20, and the January-March quarter of 2025.
- Where
- India
- Why
- Various economic factors influence these financial metrics.
RBI View
Market Analysts
Economic Health
RBI View
Focus on debt management and reserve levels.
Market Analysts
Monitoring of economic performance with current account surpluses
- Forex Reserves (June 20)
- $697.93 billion
- Foreign Currency Assets (June 20)
- $589.06 billion
- External Debt (end-March 2025)
- $736.3 billion
- External Debt Increase
- $67.5 billion
- Current Account Surplus (Jan-Mar 2025)
- $13.5 billion
Sources
Developing Countries Paid Record $921 Billion On Public Debt Interest in 2024
Forex reserves decline by USD 1 bn to USD 697.93 bn
India records USD 13.5 bn current account surplus in Q4FY25: RBI