Reserve Bank of India (RBI) records $30.5 billion fall in forex reserves since late February West Asia conflict

Exam-focused facts from the 5 April 2026 current affairs briefing.

Key facts

India’s foreign exchange reserves dropped $30.5 billion since the West Asia conflict started in late February.
Total reserves fell $10.28 billion to $688.05 billion in the week ended 27 March 2026.
Foreign currency assets declined $6.62 billion and gold reserves fell $3.66 billion in the same week.
Special drawing rights rose $17 million to $18.64 billion and India’s reserve position with the International Monetary Fund (IMF) dipped $17 million to $4.81 billion.
For FY26 total reserves rose $22.72 billion as gold reserves increased while foreign currency assets fell almost $14 billion.
RBI’s outstanding net short dollar position in the rupee forward market reached $77.25 billion by end-February 2026, the highest since March 2025.