India's Forex Reserves Gain $9.06 Billion Driven by Gold Surge
India's forex reserves rise $9.06 bn after four weeks on gold surge
Business Standard
Image: Business Standard
India's foreign exchange reserves rose by $9.06 billion to reach $697.12 billion for the week ending April 3, following a four-week decline. This increase was primarily due to a $7.22 billion rise in gold reserves, alongside a $1.78 billion increase in foreign currency assets.
- 01India's forex reserves increased by $9.06 billion to $697.12 billion.
- 02Gold reserves surged by $7.22 billion during the week.
- 03Foreign currency assets rose by $1.78 billion.
- 04Gold prices increased by 4.06% to $4,676/oz.
- 05The Special Drawing Rights rose by $58 million to $18.7 billion.
Advertisement
In-Article Ad
India's foreign exchange reserves saw a significant rebound, increasing by $9.06 billion to reach $697.12 billion for the week ending April 3. This marks the end of a four-week decline, driven largely by a $7.22 billion rise in gold reserves. Additionally, foreign currency assets rose by $1.78 billion, bringing the total to $552.85 billion. The increase in gold reserves coincided with a 4.06% rise in gold prices, which reached $4,676 per ounce. Furthermore, India's Special Drawing Rights with the International Monetary Fund increased by $58 million to $18.7 billion, while the reserve position with the IMF remained steady at $4.82 billion.
Advertisement
In-Article Ad
The increase in forex reserves can strengthen India's economic stability and enhance its ability to manage external shocks, potentially leading to more favorable conditions for trade and investment.
Advertisement
In-Article Ad
Reader Poll
Do you think India's increase in forex reserves will positively impact the economy?
Connecting to poll...
More about Reserve Bank of India
Sa-Dhan Launches Sankalp 3.0 to Enhance Governance in Microfinance
Business Standard • Apr 10, 2026
RBI's Lagged Credit Proposal Could Increase Digital Payment Costs
Business Standard • Apr 10, 2026
RBI Absorbs ₹2 Trillion in Liquidity Through VRRR Auction, Impacting Bond Yields
Business Standard • Apr 10, 2026
Read the original article
Visit the source for the complete story.