India’s foreign exchange reserves rose to $703.31 billion for the week ending April 17, 2026, reflecting stronger foreign currency assets and reinforcing the country’s external sector resilience.

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• India’s forex reserves increased by $2.36 billion to reach $703.31 billion, according to data released by the Reserve Bank of India.
• The latest rise follows a previous increase of $3.825 billion, showing a steady recovery in reserves after earlier declines due to global economic uncertainties.
• Foreign Currency Assets (FCA), the largest component of reserves, rose by $1.48 billion to $557.46 billion, driving the overall increase.
• FCA includes holdings in major global currencies such as the US dollar, euro, and yen, and is influenced by exchange rate fluctuations in international markets.
• India’s forex reserves had earlier reached a record high of $728.494 billion in February 2026 before declining due to geopolitical tensions in West Asia.
• The Reserve Bank of India intervened in currency markets by selling dollars to stabilise the rupee during periods of volatility caused by global uncertainties.
• Forex reserves consist of foreign currency assets, gold reserves, Special Drawing Rights (SDRs), and India’s reserve position in the International Monetary Fund.
• Strong forex reserves act as a financial buffer, boosting investor confidence, supporting import payments, and helping maintain macroeconomic stability during global shocks.