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India forex reserves jump 2.3 billion to 703.30 billion after rupee pressure
Economy
Published on 24 April 2026
Rupee stress triggered RBI action after a conflict shock
India’s foreign exchange reserves rose by $2.3 billion to $703.30 billion for the week ending April 17, reversing some of the drawdown seen earlier. The depletion followed pressure on the rupee after the Middle East conflict, when RBI intervention helped stabilize currency swings. Reserves were last at an all-time high in February 2026.
- Forex reserves increased by $2.3 billion to $703.30 billion
- Rupee pressure tied to the Middle East conflict earlier this year
- RBI intervention supported stabilization during the depletion phase
- Reserves had peaked at an all-time high in February 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times