India’s foreign exchange reserves rose by $2.3 billion in the week ending April 17 to stand at $703.30 billion, according to data released by the Reserve Bank of India on Friday. A major portion of the reserves, foreign currency assets (FCAs), saw a rise of $1.4 billion, bringing the total to $557.46 billion during the same period. Meanwhile, gold reserves continued their $100 billion+ rally at $122.13, with a significant rise of $79 million. Special Drawing Rights (SDRs) edged up slightly to $18.84 billion. On the other hand, India’s reserve position with the IMF rose by $14 million, now at $48.70 billion. Before the upward trend, there had been a steady depletion in the reserves ever since the West Asia war broke out.
Sat, May 9, 2026
