India’s foreign exchange reserves rise by $10.8 billion to $676.26 billion as of April 4, 2025, ETCFO
India’s foreign exchange reserves rose by $10.8 billion to $676 billion as of the week ending April 4, 2025, knowledge launched by the Reserve Financial institution of India confirmed on Friday.
Overseas forex belongings, a key part of India’s reserves, rose by $9 billion to $574.08 billion, the central financial institution stated in its weekly statistical report.
In the meantime, Gold reserves surged by $1.5 billion to $79.36 billion.
Additional, Particular Drawing Rights (SDR) had been up $186 million to $18.36 billion.
India’s reserve place with the Worldwide Financial Fund (IMF) rose by $46 million to $4.4 billion.
This week’s numbers had been up in a development that continued from the earlier week, ending March 28, when India’s foreign exchange reserves rose to a virtually five-month excessive of $665.4 billion.
India’s foreign exchange kitty
The central financial institution releases India’s foreign exchange reserves’ knowledge each Friday, carefully monitoring the financial indicator of overseas commerce.
The RBI, every so often, intervenes out there by means of liquidity administration, together with by means of the promoting of {dollars}, with a view to stopping a steep depreciation within the rupee.
The RBI carefully screens the overseas alternate markets and intervenes solely to keep up orderly market circumstances by containing extreme within the alternate fee, regardless of any pre-determined goal stage or band.
