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
Image: Business Standard
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.
Advertisement
In-Article Ad
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.
Advertisement
In-Article Ad
The increase in forex reserves strengthens India's financial position, potentially leading to greater stability in the currency market and enhancing investor confidence.
Advertisement
In-Article Ad
Reader Poll
Do you think India's rising forex reserves will positively impact the economy?
Connecting to poll...
More about Reserve Bank of India
Read the original article
Visit the source for the complete story.