India’s forex reserves increased by $1.567 billion to $677.835 billion for the week ended April 11, the Reserve Bank said on Friday.
This is the sixth consecutive week of a rise in the kitty. The overall reserves jumped by $10.872 billion to $676.268 billion in the previous reporting week ended April 4.
The forex reserves touched an all-time high of $704.885 billion in September 2024.
For the week ended April 11, foreign currency assets, a major component of the reserves, rose by $892 million to $574.98 billion, the data released on Friday showed.
The effect of the appreciation or depreciation of non-US units such as the euro, pound, and yen held in the foreign exchange reserves is included in the foreign currency assets, which are expressed in dollar terms.
According to the RBI, gold reserves increased by $638 million to $79.997 billion throughout the course of the week.
The apex bank reported that the Special Drawing Rights (SDRs) were down $6 million at $18.356 billion.
According to apex bank data, India’s reserve position with the IMF increased by $43 million to $4.502 billion during the reporting week.
