Forex reserves rose $12.4 billion to record $729.3 billion for week ended August 21, 2024
GK and monthly revision
India’s foreign exchange reserves rise 12.4 billion dollars to record 729.3 billion dollars
India's foreign exchange reserves surged by $12.4 billion to a record high of $729.3 billion for the week ended August 21, 2024, according to RBI data. Foreign currency assets, the largest component, rose by $9.4 billion to $591.3 billion. This significant increase strengthens India's external sector resilience, import cover capacity, and rupee stability, making it a key data point for economy-related questions in competitive exams.
Source: All India Radio News (official). This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
Revision structure
Monthly events and exam calendar context
Static GK and one-liner notes
Quiz and mock-test revision path
Key points
Exam-ready takeaways
Foreign currency assets increased $9.4 billion to $591.3 billion (largest component)
Data released by Reserve Bank of India (RBI) in its weekly statistical supplement
Reserves include foreign currency assets, gold, SDRs, and reserve position with IMF
Record high enhances import cover, external debt management, and rupee stability
How to study
Turn news into exam marks
Revise monthly events by exam family instead of reading random updates.
Pair one-liners with mock tests so mistakes become the next revision list.
Note which exams each story matters for, and revise it again in the week before that exam.