Foreign exchange reserves stood at $ 676.3 billion as on April 4, 2025, up $10.9 billion from the previous week. Compared to end-March 2025, the reserves rose by $ 7.9 billion, and were higher by $ 27.7 billion on a year-on-year basis.
The $10.9 weekly increase took place during the week which saw the dollar fall globally in the wake of currency market reactions to the tariff war unleashed by President Donald Trump.
Besides the purchase of dollars by RBI, forex reserves also rose due to valuation gains of non-dollar assets held by the RBI. Foreign currency assets, the largest component, were at $ 574.09 billion. TNN