India’s foreign exchange reserves climbed for the sixth consecutive week, increasing by $1.567 billion to $677.835 billion for the week ending 11 April, according to data released by the Reserve Bank of India (RBI) on Friday.
This latest increase follows a significant jump of $10.872 billion in the previous week, which took total reserves to $676.268 billion.
The reserves are inching closer to the all-time high of $704.885 billion, reached in September 2024.
The steady rise underscores India’s strengthened external sector position amid global uncertainties.
The RBI reported that foreign currency assets (FCAs), which form the largest component of forex reserves, rose by $892 million, reaching $574.98 billion.
These assets, expressed in dollar terms, also reflect the impact of movements in the euro, pound sterling, and yen against the US dollar.
Also Read: India’s Pharmaceutical Exports Hit Record £24 Billion In FY25; Driven By March Surge
Meanwhile, gold reserves surged by $638 million, bringing the total to $79.997 billion for the week.
This marks a substantial contribution to the overall increase in reserves.
The data also revealed a slight decline in Special Drawing Rights (SDRs), which fell by $6 million to $18.356 billion.
However, India’s reserve position with the International Monetary Fund (IMF) rose by $43 million, reaching $4.502 billion.
With consistent weekly gains, India’s forex reserves continue to signal a stable macroeconomic environment.
Analysts view the rising reserves as a buffer against external shocks and a key indicator of investor confidence in the Indian economy.
The Reserve Bank’s data release reinforces the view that India is maintaining a robust foreign exchange position ahead of global economic uncertainties and potential capital flow volatility.
Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…
Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…
Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…
India has been chosen to host the prestigious 2029 World Police and Fire Games in…
Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…
PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…