India's foreign exchange reserves rose by 9.063 billion US dollars to 697.121 billion dollars during the week ended April 3, 2026, according to data released by the Reserve Bank of India (RBI) on April 4, 2026, recovering from a sharp decline in the previous week. The Foreign Currency Assets, which form the largest component of the reserves and express the impact of fluctuations in non-US currencies such as the euro, pound and yen held in the reserves, increased by 1.784 billion dollars to 552.856 billion dollars. The Gold Reserves component was the main driver of the weekly rise, surging by 7.221 billion dollars to 120.742 billion dollars, reflecting both RBI gold purchases and a sharp rise in international gold prices amid continued safe haven demand linked to the ongoing West Asia conflict. Special Drawing Rights (SDRs) with the International Monetary Fund and India's Reserve Tranche Position contributed marginally. The rise follows a steep fall of 10.288 billion dollars in the preceding week, when reserves had dropped to 688.058 billion dollars due to RBI intervention in the currency market to stabilise the rupee. India's forex kitty had previously touched an all time high of 728.494 billion dollars in the week ended February 27, 2026 before the West Asia crisis triggered several weeks of depletion. Healthy forex reserves provide around 11 months of import cover, helping shield the rupee and bolstering macroeconomic resilience. RBI Governor Sanjay Malhotra has said the central bank has sufficient reserves to manage volatility.