RBI Policy
FX reserves rise to $697.1 bln as of Apr 3, up $9.04 bln on week
This story was originally published at 14:08 IST on 8 April 2026
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--RBI Malhotra: Apr 3 FX reserves $697.1 bln
--RBI Malhotra: India FX reserves adequate
--RBI Malhotra: FX reserves adequate, have 11 mos of import cover
--RBI Malhotra: FX reserves adequate, cover 11-months import
--RBI Malhotra: FX reserves adequate in terms of external debt
--RBI Malhotra: Have sufficient FX reserves, not a matter of concern
MUMBAI – India's foreign exchange reserves were $697.1 billion as of Apr. 3, the Reserve Bank of India Governor Sanjay Malhotra said Wednesday. This was up $9.04 from $688.06 billion as of Mar. 27.
The latest reserves are adequate to cover 11 months of imports and 91.1% of external debt, Malhotra said. While India's external sector indicators remain favourable, "elevated global geopolitical, trade and investment uncertainties" require continuous monitoring of the developments, the central bank governor said.
"India has sufficient foreign exchange reserves and it is not a matter of concern," Malhotra said during the press conference Wednesday after the Monetary Policy Committee meeting. "India has 11 months of import cover."
India remains an attractive destination for greenfield foreign direct investment projects, Malhotra said. The gross FDI in India showed strong growth, while the net FDI saw an improvement, the governor said. Foreign portfolio investment recorded net outflows of $16.5 billion in the financial year 2025-26 (Apr-Mar) and $5.4 billion in FY27 till Apr. 6. End
US$1 = INR 92.6225
Reported by Nandini Sinha
Edited by Akul Nishant Akhoury
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