A major portion of the reserves, foreign currency assets (FCAs), also saw a rise of of $1.784 billion, bringing the total down to $552.86 billion.
These assets are influenced not only by RBI actions but also by fluctuations in global currencies such as the euro, pound, and yen.
Gold reserves also registered a rise of $1.78 billion to $552.86 billion during the same period.
Meanwhile, Special Drawing Rights (SDRs) edged up slightly by $58 million to $18.707 billion. On the other hand, India’s reserve position with the IMF stood stagnant at $4.816 billion.
The reserves fell sharply by $10.288 billion to $688.058 billion in the week prior, ending March 27. It marked the second consecutive weekly decline.
The country’s forex reserves had earlier touched a record high of $728.494 billion in late February, before tensions escalated in West Asia.
The ongoing conflict in the region has put pressure on the Indian rupee, prompting the central bank to step in. The RBI has been actively intervening in the currency markets by selling dollars and introducing certain policy measures aimed at stabilising the situation.