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As per the Reserve Bank of India’s data, during the week ending April 4, a major chunk of the increase in India’s foreign exchange reserves came from the rise in Foreign Currency Assets (FCA).
While US President Donald Trump’s tariff policies have caused disruption in global markets, there’s some good news for India. The country’s foreign exchange reserves have seen a strong upward trend, signaling a boost to the economy. According to the latest data released by the Reserve Bank of India (RBI) on Friday, April 11, 2025, India’s forex reserves jumped by USD 10.87 billion in the week ending April 4, taking the total to USD 676.27 billion. This marks the fifth straight week of growth in the country’s reserves.
Along with this increase, India’s gold reserves have also risen, adding to the overall financial strength.
Just a week earlier, the reserves had climbed by USD 6.59 billion to reach USD 665.39 billion. Back in September 2024, the reserves had touched an all-time high of USD 704.89 billion.
FCA sees USD 6.16 billion rise
As per the Reserve Bank of India’s data, during the week ending April 4, a major chunk of the increase in India’s foreign exchange reserves came from the rise in Foreign Currency Assets (FCA). FCA went up by USD 9.1 billion, reaching USD 574.09 billion. Since FCA is expressed in US dollars, it also reflects changes in the value of other global currencies held in the reserves, like the Euro, Pound, and Yen.
Gold reserves also strengthen
The data also shows a positive movement in India’s gold holdings. During the same week, gold reserves increased by USD 1.57 million, pushing the total up to USD 79.36 billion. Additionally, India’s Special Drawing Rights (SDR) with the International Monetary Fund (IMF) rose by USD 186 million to reach USD 18.36 billion. The country’s reserve position with the IMF also improved, going up by USD 46 million to reach USD 4.46 billion.
Pakistan’s forex reserves on the rise too
Meanwhile, neighboring Pakistan also witnessed an uptick in its forex reserves. According to the State Bank of Pakistan (SBP), the country’s reserves grew by USD 23 million. As of now, Pakistan’s total liquid foreign reserves stand at USD 15.75 billion.
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