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RBI Data Shows Net Claims of Non-Residents on India Increase by USD 11 Billion in Q3FY25.

Banking & Finance | Dated: 01 Apr 2025

The data indicated a decrease in foreign assets of Indian residents by USD 40.1 billion, along with a decrease in claims of non-residents in India by USD 29.1 billion. This resulted in an increase in India's total foreign liabilities.

🎯 Key Highlights:

  • - RBI mentioned that the decrease in foreign assets of Indian residents during Q3FY25 was primarily due to a decline of USD 70.1 billion in reserve assets.
  • - However, reserve assets saw an increase of USD 13.2 billion compared to December 2023.

💡 Other Important Facts:

  • (i) According to the latest data from RBI, India's Current Account Deficit (CAD) slightly increased to USD 11.5 billion, accounting for 1.1% of the country's Gross Domestic Product (GDP) during Q3FY25, compared to USD 10.4 billion (1.1% of GDP) in Q3FY24, largely due to a rise in service exports.
  • (ii) The data further revealed that India's foreign exchange reserves (FER) declined by USD 37.7 billion on a Balance of Payments (BoP) basis in Q3FY25, compared to an increase of USD 6.0 billion in Q3FY24.

📚 Test Your Knowledge:

Recently, RBI data revealed that net claims of non-residents on India increased by how much in Q3FY25?

Correct Answer: USD 11 billion

🚀 Quick Recap:

About RBI

  • Governor : Sanjay Malhotra
  • Headquarter : Mumbai