CA Sansaar
India’s Forex Reserves Rebound by $9 Billion to $697 Billion Amid RBI Intervention
Print
India’s foreign exchange reserves recorded a sharp rise of over $9 billion, reaching $697.12 billion for the week ending April 3, 2026, according to data released by the Reserve Bank of India on Friday. This marks a significant recovery after a decline of $10.29 billion in the previous week, when reserves had fallen to $688.06 billion.
Earlier this year, the country’s forex reserves had touched a record high of $728.49 billion in the week ended February 27. However, escalating tensions in West Asia subsequently triggered a phase of decline in reserves over several weeks.
Since the onset of the geopolitical conflict, the Indian rupee has faced sustained pressure, prompting the central bank to actively intervene in the foreign exchange market through dollar sales. The RBI has also undertaken certain policy measures to manage volatility and stabilize the currency.
Earlier this year, the country’s forex reserves had touched a record high of $728.49 billion in the week ended February 27. However, escalating tensions in West Asia subsequently triggered a phase of decline in reserves over several weeks.
Since the onset of the geopolitical conflict, the Indian rupee has faced sustained pressure, prompting the central bank to actively intervene in the foreign exchange market through dollar sales. The RBI has also undertaken certain policy measures to manage volatility and stabilize the currency.
Category : RBI | Comments : 0 | Hits : 29
Comments