India’s foreign exchange reserves rise to USD 686.145 billion

Mumbai, India’s foreign exchange reserves rose by USD 8.31 billion to USD 686.145 billion in the week ended April 18, the RBI said on Friday.
This is the seventh consecutive week that the forex reserves have risen, having risen by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reserves had touched an all-time high of USD 704.885 billion at the end of September 2024.
Data released on Friday showed that for the week ended April 18, foreign currency assets, a major component of the reserves, rose by USD 3.516 billion to USD 578.495 billion.
Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in the foreign exchange reserves.
The RBI said gold reserves rose by $4.575 billion to $84.572 billion during the week.
Special drawing rights (SDRs) rose by $212 million to $18.568 billion, the apex bank said.
India’s reserve position with the IMF also rose by $7 million to $4.51 billion in the week under review, according to apex bank data.