India's forex reserves rise to $703.3B

India's foreign exchange reserves have risen for the second consecutive week, increasing by $2.36 billion to reach $703.3 billion for the week ended April 17, 2026. The growth follows a previous weekly increase of $2.98 billion, indicating a strengthening of the country's external financial buffer. The Reserve Bank of India actively manages these reserves to ensure stability in the foreign exchange market. The current level of reserves provides a significant cushion against global economic volatility and supports the Indian rupee.