Business
India’s Forex Reserves Jump $1.7 Billion To $689 Billion, Gold Holding Up $758 Million
Last Updated:
The value of the gold reserves increased by $758 million to $107.741 billion during the week ended December 12, as per the RBI’s latest ‘Weekly Statistical Supplement’ data.
India’s Latest Forex Reserves.
India’s forex reserves (forex) jumped $1.689 billion to $688.949 billion during the week ended December 12, according to the latest RBI data. The value of the gold reserves increased by $758 million to $107.741 billion during the week.
In the previous reporting week, the overall reserves had increased by $1.033 billion to $687.26 billion.
For the week ended December 12, foreign currency assets, a major component of the reserves, increased by $906 million to $557.787 billion, according to the data.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
The special drawing rights (SDRs) surged by $14 million to $18.745 billion, according to the Reserve Bank of India’s latest ‘Weekly Statistical Supplement’ data.
India’s reserve position with the IMF rose $11 million to $4.686 billion in the reporting week, according to the apex bank’s data.
The price of the safe-haven asset gold has been on a sharp uptrend over recent months, perhaps amid heightened global uncertainties and robust investment demand.
After the latest monetary policy review meeting, the RBI had said that the country’s foreign exchange reserves were sufficient to cover more than 11 months of merchandise imports. Overall, India’s external sector remains resilient, and the RBI is confident it can comfortably meet external financing requirements.
In 2023, India added around $58 billion to its foreign exchange reserves, contrasting with a cumulative decline of $71 billion in 2022. In 2024, reserves rose by just over $20 billion. So far in 2025, the forex kitty has increased by about $47-48 billion, according to data.
Foreign exchange reserves, or FX reserves, are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
The RBI often intervenes by managing liquidity, including selling dollars, to prevent a steep depreciation of the rupee. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens.
The Indian rupee has been under pressure for a host of reasons. It has already weakened by nearly 6 per cent this year on a cumulative basis.
December 20, 2025, 08:16 IST
Read More
Business
GST notice: UltraTech Cement gets Rs 782 crore notice; company says it will contest – The Times of India
UltraTech Cement on Saturday said it has received a demand notice of Rs 782.2 crore from GST authorities and plans to challenge the order before the appropriate forum, according to PTI.In a regulatory filing, the Aditya Birla Group company said it is reviewing the order and considering all legal options. “The Company is reviewing the Order, considering all legal options, and accordingly would be contesting the demand,” UltraTech Cement said, PTI quoted.The demand pertains to the period 2018-19 to 2022-23 and has been raised on account of alleged short payment of Goods and Services Tax (GST), improper utilisation of Input Tax Credit (ITC) and related matters, the company said.UltraTech added that the order was passed “without due consideration of the Company’s submissions”.According to the filing, the order upholds a tax liability of Rs 3,90,95,58,194, along with applicable interest on the tax demand, additional interest of Rs 27,68,289, and a penalty of Rs 3,90,95,58,194.The company said the order was issued by the Joint Commissioner, Central Goods and Services Tax and Central Excise, Patna, on Friday.UltraTech Cement is India’s largest cement manufacturer, with a production capacity nearing 200 million tonnes per annum.
Business
Indian Railways Slapped Rs 2.8 Crore Fine Over Food Complaints In Last 4 Years: Minister
New Delhi: Indian Railways serves about 58 crore meals every year on average and receives only 0.0008 per cent complaints on average, according to Railway Minister Ashwini Vaishnaw. Based on inquiry on these complaints, a fine of Rs 2.8 crore was imposed over the last four years, the minister informed the Rajya Sabha.
“It is the continuous endeavour of Indian Railways (IR) to provide good quality and hygienic food to travelling passengers. Necessary steps are accordingly taken by Indian Railways from time to time to improve the quality of food and services to passengers,” he said.
In order to take passenger feedback, the complaint management system over Indian Railways has been strengthened, simplified and made more accessible over the last few years through the introduction of the RailMadad Portal.
“With the launch of the RailMadad Portal, Indian Railways provided passengers a single window system to register complaints and suggestions. In case any passenger complaint related to food quality in trains is reported, prompt and appropriate punitive action is taken against the service providers for deficiency in service,” Vaishnaw said.
Among measures to improve quality, hygiene, and food safety are the supply of meals from designated base kitchens, commissioning of modern base kitchens at identified locations, installation of CCTV cameras in base kitchens for better monitoring of food preparation; and shortlisting and use of popular and branded raw materials, like cooking oil, atta, rice, pulses, masala items, paneer, dairy products etc. for food production.
Among other measures are the deployment of food safety supervisors at base kitchens to monitor food safety and hygienic practices; deployment of on-board IRCTC supervisors on trains; introduction of QR codes on food packets, enabling display of details like name of kitchen, date of packaging, etc.
Regular deep cleaning and periodical pest control in base kitchens and pantry cars is also carried out. In order to ensure compliance with food safety norms, Food Safety and Standards Authority of India (FSSAI) certification for designated food safety officers of each catering unit has been made mandatory, said the minister.
Business
Tech oversight: Sebi to form working group on exchange technology; aim to strengthen market resilience – The Times of India
Markets regulator Sebi is planning to constitute a working group to identify the next technological frontier for stock exchanges, Sebi chairman Tuhin Kanta Pandey said on Saturday, underlining the regulator’s focus on strengthening market infrastructure amid rapid technological change, PTI reported.The proposed group will examine how exchange technology should evolve over the next five to 10 years, benchmark global best practices and suggest new approaches to enhance market systems. “We are going to constitute a working group on how it is going to be our next technological frontier in our stock exchanges,” Pandey told reporters on the sidelines of the 11th International Convention of the Commodity & Capital Participants Association of India (CPAI).Pandey explained that the technological frontier refers to the use of cutting-edge tools to improve market oversight, operational efficiency and investor protection. He stressed that technological robustness remains critical for the regulator, adding that Sebi takes every exchange-related glitch seriously.While acknowledging that disruptions can occur in a fast-evolving technology environment, he said there is a need for stronger safeguards. To address technical flaws, exchanges are required to carry out detailed root-cause analyses and submit comprehensive standard operating procedures (SOPs) along with corrective measures to the regulator.Responding to a query on the recent outage at the Multi Commodity Exchange (MCX), Pandey said Sebi follows a clearly defined process whenever a technical issue occurs at an exchange. This includes imposing strict penalties if the disruption crosses specified thresholds.He added that the regulator is also examining such incidents from a systemic perspective. “By identifying commonalities in these glitches, we aim to understand how we can better secure and strengthen our market technology,” Pandey said.
-
Business1 week agoHitting The ‘High Notes’ In Ties: Nepal Set To Lift Ban On Indian Bills Above ₹100
-
Tech7 days agoFor the First Time, AI Analyzes Language as Well as a Human Expert
-
Business6 days agoKSE-100 index gains 876 points amid cut in policy rate | The Express Tribune
-
Business5 days agoStudying Abroad Is Costly, But Not Impossible: Experts On Smarter Financial Planning
-
Business1 week agoIPO Explained: Meaning, Process, Benefits, Risks
-
Sports5 days agoJets defensive lineman rips NFL officials after ejection vs Jaguars
-
Tech3 days agoT-Mobile Business Internet and Phone Deals
-
Fashion3 days agoIndonesia’s thrift surge fuels waste and textile industry woes
