Not only Pakistan, but 3 more enemies of India, who have caused loss of 42 thousand crores

India has suffered a huge loss not from Pakistan but from three such new enemies, which no one had anticipated. In fact, India has suffered this loss in foreign exchange reserves. According to RBI, in the week ending on May 16, India's forex reserves decreased by about 42 thousand crores rupees. Which is also a big blow to India. On the other hand, Pakistan's forex reserves have benefited by 1 billion dollars.

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This benefit has been received from the bailout package received from the IMF. After which the reserve of the State Bank of Pakistan has become 11.45 billion dollars. Let us also tell you who are those three enemies of India, due to which the country has suffered a huge loss.

On the other hand, Pakistan's forex reserves have gained a huge amount. Let us also tell you what kind of figures have been seen in both the countries.

Big drop in India's forex reserves

According to the Reserve Bank of India, the country's foreign exchange reserves fell by $4.89 billion to $685.73 billion in the week ended May 16. A week earlier, the total foreign exchange reserves had increased by $4.55 billion to $690.62 billion. At the end of September 2024, the foreign exchange reserves had reached an all-time high of $704.88 billion.

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According to Reserve Bank data, foreign exchange assets, a major part of the foreign exchange reserves, increased by $279 million to $581.65 billion in the week ended May 16. Foreign exchange assets mentioned in dollar terms include the impact of the rise and fall of non-US currencies like euro, pound and yen kept in the foreign exchange reserves.

Decline in gold reserves: If we look at the data of the last few months, the biggest decline has been seen in gold reserves. According to the data, in the week ending on May 16, there has been a decline of $ 5.12 billion in the gold reserve, after which the country's gold reserve has come down to $ 81.22 billion.

SDR also decreased: On the other hand, a huge decrease has also been seen in Special Drawing Rights i.e. SDR. According to the RBI report, there has been a decrease of $ 4.3 million in it. After which SDR has come down to $ 18.49 billion

Reserve with IMF: On the other hand, the third biggest enemy is the reduction of India's reserve with the IMF. Which has contributed significantly in playing an important role in reducing India's overall reserve. If we look at the data of the Central Bank, in the week ending on May 16, India's reserve with the International Monetary Fund decreased by $ 3 million to $ 4.37 billion.

Pakistan is having fun

On the other hand, there has been an increase in Pakistan's reserve. The main reason for which is the alms received in the form of bailout package from the IMF. The Central Bank of Pakistan said in a statement that the foreign exchange reserves of the State Bank of Pakistan (SBP) have increased by more than US$1 billion. The statement said that during the week ended May 16, the total foreign exchange reserves of the SBP were around $11.45 billion.

The central bank said that this increase was due to the receipt of the second tranche of 760 million from the International Monetary Fund under the Extended Fund Facility (EFF) on May 13, which is equivalent to $1.02 billion.