India's Forex Reserves Surge by $9 Billion to $697.12 Billion
India's forex reserves jump by $9 billion to $697.12 billion
Business Standard
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India's foreign exchange reserves rose by $9.063 billion to reach $697.121 billion for the week ending April 3, 2026, according to the Reserve Bank of India. This increase was driven primarily by a rise in gold reserves and foreign currency assets.
- 01Forex reserves increased by $9.063 billion to $697.121 billion.
- 02Foreign currency assets rose by $1.784 billion to $552.856 billion.
- 03Gold reserves increased by $7.221 billion to $120.742 billion.
- 04Special Drawing Rights (SDRs) rose by $58 million to $18.707 billion.
- 05Reserve position with the IMF remained unchanged at $4.816 billion.
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India's foreign exchange reserves experienced a significant increase of $9.063 billion, reaching a total of $697.121 billion for the week ending April 3, 2026, as reported by the Reserve Bank of India (RBI). This growth was largely attributed to a rise in gold reserves, which increased by $7.221 billion to $120.742 billion. Additionally, foreign currency assets, a key component of the reserves, rose by $1.784 billion to $552.856 billion. The Special Drawing Rights (SDRs) also saw an uptick of $58 million, bringing the total to $18.707 billion. However, India's reserve position with the International Monetary Fund (IMF) remained stable at $4.816 billion during the same period.
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The increase in forex reserves strengthens India's financial position, potentially leading to greater stability in the currency market and enhancing investor confidence.
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