India's forex reserves rise by $10.8 billion to $676.26 billion as of April 4, 2025

India's forex reserves rose by $10.8 billion to $676 billion as of the week ending April 4, 2025, data released by the Reserve Bank of India showed on Friday.

Foreign currency assets, a key component of India's reserves, rose by $9 billion to $574.08 billion, the central bank said in its weekly statistical report.

Meanwhile, Gold reserves surged by $1.5 billion to $79.36 billion.

Further, Special Drawing Rights (SDR) were up $186 million to $18.36 billion.

India's reserve position with the International Monetary Fund (IMF) rose by $46 million to $4.4 billion.

This week's numbers were up in a trend that continued from the previous week, ending March 28, when India's forex reserves rose to a nearly five-month high of $665.4 billion.

India's forex kitty
The central bank releases India's forex reserves' data every Friday, closely monitoring the economic indicator of foreign trade.

The RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.

The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive in the exchange rate, without reference to any pre-determined target level or band.