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Forex reserves rise to $665.4 billion, major jump in nearly five months
The Business Guardian
|April 07, 2025
In a significant development, India's foreign exchange reserves rose from USD 6.596 billion to USD 665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.
This significant jump is the highest in nearly five months, after witnessing a period of downturn.
According to RBI data, forex reserves have increased cumulatively by USD 20.1 billion over the past three weeks and by about USD 6.6 billion in the latest reporting week.
Experts believe the declines in the last few weeks were caused by foreign investors' shaken confidence in Indian equity markets.
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