BackECONOMY
India's Forex Reserves Jump to $703.308 Billion as Week-Ended April 17, 2026
India's forex reserves rose by $2.362 billion to $703.308 billion for the week ended April 17, 2026, with gains in foreign currency assets, gold, SDRs, and IMF reserves. This comes after all-time highs earlier in February and amid geopolitical uncertainty in West Asia.
Why It Matters
The buildup in reserves provides a buffer against market volatility amid geopolitical tensions and rupee pressure, with RBI interventions noted to stabilise the currency.
Timeline
4 Events
Week ended April 17, 2026: forex reserves rise to USD 703.308 billion; breakdowns show asset increases
April 17, 2026
For the week ended April 17, 2026, India's forex reserves rose by USD 2.362 billion to USD 703.308 billion, according to RBI. Foreign currency assets increased by USD 1.481 billion to USD 557.463 billion. The value of gold reserves rose by USD 790 million to USD 122.133 billion. SDRs were up USD 78 million to USD 18.841 billion, and India's reserve position with the IMF rose by USD 14 million to USD 4.87 billion.
Week ended April 10, 2026: forex reserves rise to USD 700.946 billion
April 10, 2026
For the week ended April 10, 2026, India's forex reserves had increased by USD 3.825 billion to USD 700.946 billion in the previous reporting week.
West Asia conflict begins around February 28, 2026; RBI interventions cited amid rupee pressure
February 28, 2026
The West Asia conflict began around February 28, 2026. The rising geopolitical uncertainty weighed on the Indian rupee, prompting the RBI to intervene in the forex market through dollar sales.
All-time high forex reserves reached during week ended February 27, 2026: USD 728.494 billion
February 27, 2026
During the week ended February 27, 2026, India's forex reserves expanded to an all-time high of USD 728.494 billion, before the onset of the West Asia conflict.