India's foreign exchange reserves surged by USD 10.87 billion to reach USD 676.27 billion for the week ending April 4, according to data released by the Reserve Bank of India (RBI) on Friday.

This marks a continued upward trend, following a USD 6.60 billion increase in the previous week, which brought the reserves to USD 665.40 billion.

The reserves have now risen for five consecutive weeks, recovering from earlier declines caused by currency revaluation and the RBI's market interventions aimed at stabilizing rupee volatility. Notably, the reserves had previously peaked at a record high of USD 704.89 billion in late September 2024.