04-April-2025
Economy News
 
India's forex reserves strong, can cover 11 months of imports: Sitharaman
02-Apr-2025

Amid fluctuations in forex reserves, Union Finance Minister Nirmala Sitharaman on Tuesday assured Rajya Sabha that India’s foreign exchange reserves are strong and sufficient to manage the country’s current account deficit. "On the foreign exchange reserve and how our current account deficit is being managed and a sense of worry which comes out and rightly, in the minds of the members of Parliament, I just want to assure you that as of 21st March 2025, total foreign exchange reserve is $658.8 billion," Sitharaman said in Rajya Sabha.

News Source:- https://www.business-standard.com/economy/news/nirmala-sitharaman-india-forex-reserves-current-account-deficit-rajya-sabha-125040100552_1.html