India’s foreign exchange reserves rose for the eighth week in a row to reach $688.13 billion as on April 25, data released by the Reserve Bank of India showed on Friday. The reserves are up by $1.98 billion.Previously, forex reserves rose by $8.3 billion to $686 billion, as of the week ending April 18, 2025, data released by the Reserve Bank of India showed.
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.
Content Source: economictimes.indiatimes.com