India’s foreign exchange (forex) reserves went up by $1.567 billion, reaching $677.835 billion for the week ending April 11, according to the Reserve Bank of India (RBI) on Friday.
This is the sixth week in a row that the reserves have increased. In the previous week ending April 4, the reserves had already grown by $10.872 billion, taking the total to $676.268 billion.
India’s highest-ever forex reserves were recorded in September 2024, at $704.885 billion.
For the week ending April 11, the foreign currency assets—which are the biggest part of the reserves—rose by $892 million, making the total $574.98 billion.
These foreign currency assets are counted in US dollars, but they also include the value of other major currencies like the euro, pound, and yen, depending on how they rise or fall in value.
India’s Gold Reserves Go Up, IMF Funds Also Increase
India’s gold reserves went up by $638 million, reaching a total of $79.997 billion in one week, according to the Reserve Bank of India (RBI).
However, the value of Special Drawing Rights (SDRs) went down by $6 million to $18.356 billion.
At the same time, India’s money with the International Monetary Fund (IMF) increased by $43 million to $4.502 billion during the week, as per RBI data.
Also Read: RBI Gold Reserve: Valuation Triples Over A Year To Rs 6.8 Lakh Crore – More Details Inside
