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4w ago

India's Forex Reserves Climb to Six-Month High at $686 Billion

The Reserve Bank of India's data shows a $8.31 billion weekly increase, marking seven consecutive weeks of growth driven by gains in foreign currency assets, gold, and SDRs.

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Overview

  • India's foreign exchange reserves rose by $8.31 billion to $686.15 billion as of April 18, 2025, according to the Reserve Bank of India.
  • This marks the highest reserve level in six months, with seven consecutive weeks of growth adding nearly $21 billion in April alone.
  • Foreign currency assets, the largest reserve component, increased by $3.5 billion to $578.5 billion, while gold reserves surged $4.57 billion to $84.57 billion.
  • Special Drawing Rights (SDRs) rose by $2.12 billion to $18.56 billion, and the reserve position with the International Monetary Fund climbed by $7 million to $4.5 billion.
  • The Reserve Bank of India continues to maintain orderly market conditions through strategic interventions, underscoring India's macroeconomic resilience and policy consistency.