Prior to this, the reserves had expanded to an all-time high of $728.494 billion during the week ended February 27, 2026, right before the Middle East conflict occurred, leading to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.
A major portion of the reserves, foreign currency assets (FCAs), also saw a rise of of $3.127 billion, bringing the total down to $555.983 billion.
Also read: Rupee ends stronger, trims underperformance versus Asia FX on RBI measures
Gold reserves also registered a rise of $0.601 billion to $121.343 billion during the same period.
Meanwhile, Special Drawing Rights (SDRs) edged up slightly by $56 million to $18.763 billion. On the other hand, India’s reserve position with the IMF rose by $41 million, now resulting in $44.998 billion. The reserve position stood at $4.816 billion in the week ending April 3.