According to data released by the Reserve Bank of India (RBI) on Friday (April 24), India’s foreign exchange reserves have registered an increase of $ 2.3 billion in the week ending April 17. Central bank RBI said that the country’s total foreign exchange reserves have increased to 703.30 billion dollars.
This increase has occurred at a time when earlier there was continuous pressure on reserves, due to global conditions and interference in the currency market.
Earlier, India’s foreign exchange reserves had reached a record $ 728.494 billion in the week ending February 27, 2026.
However, after this, due to increasing conflict in West Asia, this trend reversed and there was a decline in reserves.
The country’s gold reserves also continued to rise and rose by more than $100 billion to reach above $122.13 billion, a significant increase of $79 million.
Meanwhile, Special Drawing Rights (SDR) increased slightly to $18.84 billion. At the same time, India’s reserve position with the IMF increased by $14 million to $48.70 billion.
Global uncertainty and capital outflow put pressure on the rupee, due to which the RBI had to intervene in the market by selling dollars to keep the currency stable.
This intervention and the situation following the West Asia War had led to a steady depletion of reserves over the past few weeks.
However, recent increases suggest the pressure is easing, but stockpiles are still below February highs.
This change in foreign exchange reserves shows that India is trying to maintain currency stability while handling global shocks.
Earlier, India’s foreign exchange reserves increased by $3.825 billion during the week ended April 10.
At the same time, in the week ending April 3, it increased by $ 9.063 billion to $ 697.121 billion, which indicates continuous improvement.
Foreign exchange reserves are very important for the economic stability of any country. It helps the central bank to handle currency fluctuations and maintain smooth foreign trade.
Strong reserves allow the RBI to intervene in the market to support the rupee when needed, and also reflect the continued flow of foreign currency into the country’s economy.
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