India’s forex reserves jump by a record $44.903 billion

admin — Fri, 11 Sep 2026 17:35:00 +0000

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| Photo Credit: Reuters

“India’s forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Reserve Bank of India (RBI) said on Friday (September 11, 2026).

In the previous reporting week, the overall reserves increased $11.475 billion to a new all-time high of $740.803 billion.

The kitty had been declining since the start of the conflict in West Asia earlier this year, as the Rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.

However, the reserves started increasing since the RBI announced concessional forex swap initiatives in June this year amid a sharp depreciation in the local currency. The move has yielded more than $136 billion in new flows.

For the week ended September 4, foreign currency assets, a major component of the reserves, increased $47.498 billion to $648.168 billion, the Central bank’s data showed.

Expressed in dollar terms, foreign currency assets include the effects of appreciation or depreciation of non-U.S. units, such as the euro, pound, and yen, held in the foreign exchange reserves.

“Value of gold reserves decreased $2.594 billion to $113.816 billion during the week,” the RBI said, adding that the special drawing rights (SDRs) were down by $4 million at $18.806 billion. India’s reserve position with the International Monetary Fund was up $2 million to $4.916 billion at the end of the reporting week, according to the Central bank’s data.

Published – September 11, 2026 11:05 pm IST

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At USD 642.29 Billion, India’s Foreign Exchange Reserves Hit All-Time High

admin — Sat, 23 Mar 2024 04:36:50 +0000

Forex exchange reserves are assets that are held by a nation’s central bank or monetary authority.

New Delhi:

India’s foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion.

Before March 8 week, the reserves rose by USD 10.470 billion to USD 636.095 billion.

During the latest week, India’s foreign currency assets (FCA), the biggest component of the forex reserves, rose by USD 6.034 billion to USD 568.386 billion, the central bank’s weekly statistical data showed.

Gold reserves during the week rose by USD 425 million to USD 51.140 billion.

In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty. In 2022, India’s forex kitty slumped by USD 71 billion cumulatively.

Forex reserves, or foreign exchange reserves (FX reserves), are assets that are held by a nation’s central bank or monetary authority.

It is generally held in reserve currencies, usually the US Dollar and, to a lesser degree, the Euro, Japanese Yen, and Pound Sterling.

In October 2021, the country’s foreign exchange reserves last touched their all-time high. Much of the decline after that could be attributed to a rise in the cost of imported goods in 2022.

Also, the relative fall in forex reserves could be linked to the RBI’s intervention, from time to time, in the market to defend the uneven depreciation in the rupee against a surging US dollar.

Typically, the RBI, from time to time, intervenes in the market through liquidity management, including through the sale of dollars, to prevent a steep depreciation in the rupee.

The RBI closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate, without reference to any pre-determined target level or band.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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India Foreign Exchange Reserves – Artifex.News

India’s forex reserves jump by a record $44.903 billion

At USD 642.29 Billion, India’s Foreign Exchange Reserves Hit All-Time High