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India’s gold reserves rise by $601 million to $121.343 billion during the week, reflecting the continued importance of bullion in the country’s reserve basket.
India’s Latest Forex Reserves.
India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion for the week ended April 10, according to the latest data from the Reserve Bank of India (RBI). The latest increase comes after a sharp $9.063 billion jump in the previous reporting week ended April 3, when reserves had climbed to $697.121 billion.
India’s forex reserves had touched an all-time high of $728.494 billion in the week ended February 27 this year. However, reserves declined in the subsequent weeks amid pressure on the rupee following geopolitical tensions in the Middle East, prompting the Reserve Bank of India to intervene in the currency market through dollar sales.
Foreign Currency Assets Lead Gains
Foreign currency assets (FCAs), the largest component of the reserves, increased by $3.127 billion to $555.983 billion during the latest reported week.
FCAs reflect the value of non-US currencies such as the euro, pound sterling and yen held in the reserves. Their dollar value changes depending on movements in global currency markets.
Gold Reserves Also Increase
India’s gold reserves rose by $601 million to $121.343 billion during the week, reflecting the continued importance of bullion in the country’s reserve basket. Special Drawing Rights (SDRs) with the International Monetary Fund increased by $56 million to $18.763 billion.
India’s reserve position with the International Monetary Fund also rose by $41 million to $4.857 billion.
RBI Governor Says Reserves Comfortable
Earlier this month, Sanjay Malhotra said India’s foreign exchange reserves remain sufficient and are not a matter of concern despite worries over capital outflows impacting the central bank’s dollar holdings.
He said the reserves are adequate to cover at least 11 months of imports, which is considered a key global benchmark for external sector strength.
External Position Remains Stable
Sanjay Malhotra also said India’s trade agreements with major economies, including the United Kingdom, are expected to support the current and capital accounts and help narrow the balance of payments gap.
India’s current account deficit widened to $13.2 billion, or 1.3 per cent of GDP, in the October-December quarter, compared with $11.3 billion, or 1.1 per cent of GDP, a year earlier, mainly due to a higher goods trade deficit.
The country’s balance of payments recorded a deficit of $24.4 billion during the quarter, lower than the $37.7 billion deficit seen in the same period last year.
The governor added that foreign portfolio investment flows are expected to improve this year, supported by investments in the technology and financial services sectors, while reiterating that India’s macroeconomic fundamentals remain strong.
April 19, 2026, 07:30 IST
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