India’s Forex Reserves Surge by $10.9 Billion Amid Global Currency Turmoil
Foreign currency assets (FCA), which make up the largest share of the reserves, stood at 574.09 billion. (image source: Canva) India’s foreign exchange reserves surged to a record $676.3 billion as of April 4, reflecting a robust weekly increase of $10.9 billion, according to data released by the Reserve Bank of India (RBI). The spike came during a week marked by the US dollar's decline across global currency markets, following heightened trade tensions spurred by President Donald Trump's tariff offensive. Compared to end-March 2025, forex reserves have climbed by $7.9...