India’s Forex Reserves Rebound by USD 9 Billion to USD 697.12 Billion

India’s foreign exchange reserves recorded a strong rebound, rising by USD 9.063 billion to reach USD 697.121 billion for the week ended April 3, 2026, according to data released by the Reserve Bank of India on Friday.

This marks a recovery from the previous week ended March 27, when the reserves had declined by USD 10.288 billion to USD 688.058 billion.

Despite the recent uptick, the reserves remain below the all-time high of USD 728.494 billion recorded in the week ended February 27. The decline in recent weeks has been largely attributed to the ongoing West Asia crisis, which has triggered volatility in global markets and exerted pressure on the rupee.

The central bank has been actively intervening in the foreign exchange market, including dollar sales and policy measures , to contain currency fluctuations and ensure stability.

Among the key components, foreign currency assets (FCAs) , the largest share of the reserves rose by USD 1.784 billion to USD 552.856 billion. These assets reflect the valuation impact of major global currencies such as the euro, pound, and yen held in the reserves.

A significant contributor to the weekly rise was gold reserves , which increased by USD 7.221 billion to USD 120.742 billion, indicating favourable price movements.

Additionally, Special Drawing Rights (SDRs) saw a marginal increase of USD 58 million to USD 18.707 billion.

India’s reserve position with the International Monetary Fund remained unchanged at USD 4.816 billion , the RBI data showed.

Overall, the latest data reflects a partial recovery in reserves amid external uncertainties, even as the central bank continues efforts to manage currency stability in a challenging global environment.