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What will India's forex reserves be by March 31, 2025?
3
Resolution / Starting Odds
Below $700 billion • 25%
$700 billion - $720 billion • 25%
$720 billion - $740 billion • 25%
Above $740 billion • 25%
Data released by the Reserve Bank of India (RBI)
Story
India's Forex Reserves Rise $12.588 Billion to Record $704.89 Billion, Exceed $700 Billion for First Time
Oct 4, 2024, 11:36 AM
India's foreign exchange reserves surged by $12.588 billion to reach a new all-time high of $704.885 billion for the week ended September 27, according to data released by the Reserve Bank of India (RBI). This marks the first time India's forex reserves have crossed the $700 billion threshold, following a sustained seven-week rally. The reserves' increase was driven primarily by a significant rise in foreign currency assets, which grew by $10.47 billion to $616.15 billion. Analysts suggest that the robust growth in reserves strengthens the central bank's potential to influence the rupee.
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Less than $650 billion • 25%
$650 billion to $660 billion • 25%
$660 billion to $670 billion • 25%
More than $670 billion • 25%
Less than $650 billion • 25%
$650 billion to $660 billion • 25%
$660 billion to $670 billion • 25%
More than $670 billion • 25%
Less than $570 billion • 25%
$570 billion to $580 billion • 25%
$580 billion to $590 billion • 25%
More than $590 billion • 25%
Less than $3.25 trillion • 25%
$3.25 trillion to $3.3 trillion • 25%
$3.3 trillion to $3.35 trillion • 25%
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Below $3 trillion • 25%
$3 trillion to $3.5 trillion • 25%
$3.5 trillion to $4 trillion • 25%
Above $4 trillion • 25%
Yes • 50%
No • 50%
Increase by more than 1% • 25%
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Above $3.3 trillion • 25%
Between $3.2 trillion and $3.3 trillion • 25%
Between $3.1 trillion and $3.2 trillion • 25%
Below $3.1 trillion • 25%
Less than 850 tonnes • 25%
850-860 tonnes • 25%
861-870 tonnes • 25%
More than 870 tonnes • 25%