Mumbai, March 2 The country's foreign exchange reserves, in nominal terms, including valuation effects, increased by USD 19.4 billion during April-December 2025, compared to a depletion of USD 10.7 billion in April-December 2024, according to RBI data.
On a balance of payments basis, excluding valuation effects, foreign exchange reserves decreased by USD 30.8 billion during April-December 2025, compared to a depletion of USD 13.8 billion during April-December 2024.
The Reserve Bank of India (RBI) released data on "Sources of Variation in Foreign Exchange Reserves in India during April-December 2025" on Monday.
The valuation gain, primarily reflecting the higher price of gold, the depreciation of the US dollar against major currencies, and lower bond yields, increased to USD 50.2 billion during April-December 2025, compared to USD 3.1 billion during April-December 2024.
The current account balance recorded a deficit of USD 30.2 billion during April-December 2025, compared to a deficit of USD 36.7 billion during April-December 2024.
During April-December 2025, there was a capital account deficit of USD 0.6 billion, compared to a surplus of USD 22.9 billion in a similar period last year, according to the data.
