India's forex reserves rise by $8.31 billion to $686.15 billion as of April 18

India's forex reserves were up by $8.31 billion to $686.15 billion as of the week ending April 18, 2025, data released by the Reserve Bank of India showed on Friday.

Previously, India's forex reserves were up by $1.5 billion to $677.84 billion as of the week ending April 11, 2025, data by the Reserve Bank of India said.

Foreign currency assets, a key component of India's reserves, rose by $3.5 billion to $578.5 billion, the central bank said in its weekly statistical report.

Meanwhile, Gold reserves surged by $4.57 billion to $84.57 billion. Further, Special Drawing Rights (SDR) were up $2.12 billion to $18.56 billion. India's reserve position with the International Monetary Fund (IMF) rose by $7 million to $4.5 billion.

India's forex kitty
The central bank releases India's forex reserves' data every Friday, closely monitoring the economic indicator of foreign trade.

The RBI, from time to time, intervenes in the market through liquidity management, including through the selling of dollars, with a view to preventing a steep depreciation in the rupee.

The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive in the exchange rate, without reference to any pre-determined target level or band.