India's foreign exchange reserves rose by $2.362 billion to reach $703.308 billion for the week ending April 17, 2023, according to the Reserve Bank of India (RBI). This increase follows a larger rise of $3.825 billion in the previous week. The reserves had peaked at an all-time high of $728.494 billion in late February 2023, before experiencing fluctuations due to the ongoing geopolitical tensions in West Asia. The RBI's interventions in the forex market, particularly through dollar sales, have been a response to the depreciation of the Indian Rupee amid these uncertainties. For the week ending April 17, foreign currency assets, a significant part of the reserves, grew by $1.481 billion to $557.463 billion. Additionally, the value of gold reserves increased by $790 million to $122.133 billion, while Special Drawing Rights (SDRs) rose by $78 million to $18.841 billion. India's reserve position with the International Monetary Fund (IMF) also saw a slight increase of $14 million to $4.87 billion.