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Now Reading: India’s Forex Reserves Surge Sharply Driven by Gold Holdings Increase | BulletsIn

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    April 11, 2026 / The Bullets In

    India’s Forex Reserves Surge Sharply Driven by Gold Holdings Increase | BulletsIn

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    India’s foreign exchange reserves rose significantly to $697.12 billion for the week ending April 3, 2026, driven mainly by a sharp increase in gold reserves amid global uncertainty.

    BulletsIn

    • Forex reserves rise by $9.063 billion in one week
    • Total reserves reach $697.12 billion level
    • Recovery follows previous week’s sharp decline in reserves
    • Gold reserves are the biggest contributor to the increase
    • Gold holdings jump by $7.221 billion during the week
    • Global uncertainty and geopolitical tensions boost gold value
    • Foreign currency assets increase by $1.784 billion
    • SDRs see marginal rise, IMF reserve position remains unchanged
    • The Reserve Bank of India Reserve Bank of India intervenes in forex market to stabilize the rupee
    • Despite gains, reserves remain below February 2026 record high level
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      India’s Forex Reserves Surge Sharply Driven by Gold Holdings Increase | BulletsIn