India’s Forex Reserves Soar by $8.31 Billion to $686.15 Billion, Marking Seventh Consecutive Weekly Rise

  • India’s foreign exchange reserves surged by $8.31 billion to reach $686.15 billion in the week ending April 18, 2025.

  • This marks the seventh straight week of growth in the forex kitty, following a $1.57 billion rise the previous week.

  • Foreign currency assets, the largest component, increased by $3.52 billion to $578.5 billion, reflecting currency value shifts including euro, pound, and yen.

  • Gold reserves jumped by $4.58 billion, now totaling $84.57 billion.

  • Special Drawing Rights (SDRs) rose by $212 million to $18.57 billion.

  • India’s reserve position with the IMF edged up by $7 million to $4.51 billion.

  • The forex reserves remain below the all-time high of $704.89 billion recorded in September 2024.

  • Despite the strong reserves, the rupee weakened slightly, closing at 85.40 against the US dollar amid geopolitical tensions and market pressures.

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