Overview

• India’s foreign exchange reserves rose by $8.31 billion to $686.15 billion as of April 18, 2025, marking a six-month high.
• The reserves have grown for seven consecutive weeks, adding nearly $21 billion in the first three weeks of April alone.
• Key components of the reserves saw increases, with foreign currency assets rising by $3.5 billion and gold reserves by $4.6 billion.
• The Reserve Bank of India attributed the growth to appreciation in non-dollar currencies, higher gold prices, and increased foreign institutional investor equity inflows.
• Despite the gains, the reserves remain approximately $19 billion below the all-time high of $704.9 billion recorded in September 2024.