India Forex Reserve

The RBI's forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract USD 60-70 billion in foreign capital and support the rupee, India Ratings and Research (Ind-Ra) said on Wednesday. The central bank, on June 8, announced that authorised dealer banks can access the RBI's swap facility for Foreign Currency Non-Resident (Bank) (FCNR (B) deposits with maturities ranging from 3-5 years till September 30. The facility would allow banks to swap US dollar deposits with the regulator and manage currency risks. The slew of measures announced by the RBI to shore up foreign capital inflows includes a concessional forex swap facility to encourage PSUs to raise ECBs until September 30. Ind-Ra said FCNR (B) is likely to play a key role in mobilising foreign capital, with the RBI bearing hedging costs, and banks can offer better returns to overseas depositors. "Ind-Ra expects the arrangement to generate sizeable inflows, potentially in the range of USD 60-70 billion

India's policy calendar this week will be driven by a high-level EU visit, inflation data and key indicators on banking liquidity and external sector stability

Reserve Bank Governor Sanjay Malhotra on Friday said the forex reserve stood at a healthy USD 682.3 billion, adequate to provide import cover for about 11 months. Various policy initiatives are expected to strengthen the balance of payments, he said while announcing the second bi-monthly monetary policy for the current fiscal. The initiatives include the recent agreements with major trading partners, allowing 100 per cent FDI in the insurance sector, ethanol blending programme, push for energy transition, easing FDI restrictions for land-bordering countries, liberalisation of the ECB framework, and several others, he said. "As of May 29, 2026, India's foreign exchange reserves stood at a healthy USD 682.3 billion, adequate in terms of the standard metrics of reserve adequacy, including import cover (for about 11 months) and external debt (89.1 per cent)," he said. "While our foreign exchange reserves provide a strong buffer against external shocks, we have a broad range of regulato

India's policy focus this week will be on forex reserves, banking deposit growth and high-level India-US talks amid global uncertainty and trade concerns

Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28

PM Modi's austerity appeal recalls how India used gold curbs, NRI deposits, bonds, and IMF loans to protect forex reserves in past crises

India's foreign exchange reserves declined to $690 billion in the week ended May 1, led by a fall in gold reserves and foreign currency assets, RBI data showed

Decline in foreign currency assets and gold reserves pulls down India's forex reserves in the week ended April 24, according to RBI data

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Forex reserves at record high of $724 billion

The stockpile rose from $709.4 billion, which was already an all-time high

India's forex reserves jumped by USD 1.689 billion to USD 688.949 billion during the week ended December 12, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves increased by USD 1.033 billion to USD 687.26 billion. For the week ended December 12, foreign currency assets, a major component of the reserves, increased by USD 906 million to USD 557.787 billion, according to the data. Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of the gold reserves increased by USD 758 million to USD 107.741 billion during the week, the RBI said. The Special Drawing Rights (SDRs) surged by USD 14 million to USD 18.745 billion, the apex bank said. India's reserve position with the IMF rose USD 11 million to USD 4.686 billion in the reporting week, according to the apex bank's data.

RBI data shows declines in gold and foreign currency assets, pulling reserves down to $688 billion

India's forex reserves declined USD 4.472 billion to USD 688.104 billion during the week ended November 21 due to a steep decrease in the value of gold reserves, the RBI said on Friday. The overall reserves had increased by USD 5.543 billion to USD 692.576 billion in the previous reporting week. For the week ended November 21, foreign currency assets, a major component of the reserves, decreased by USD 1.69 billion to USD 560.6 billion, the data released showed. Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of the gold reserves decreased by USD 2.675 billion to USD 104.182 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also decreased by USD 84 million to USD 18.566 billion, the apex bank said. India's reserve position with the IMF also fell by USD 23 million to USD 4.757 billion in the reporting week

India's forex reserves jumped USD 5.543 billion to USD 692.576 billion during the week ended November 14 due to a steep increase in the value of gold reserves, the RBI said on Friday. The overall reserves had dropped by USD 2.699 billion to USD 687.034 billion in the previous reporting week. For the week ended November 14, foreign currency assets, a major component of the reserves, increased by USD 152 million to USD 562.29 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Value of the gold reserves jumped by USD 5.327 billion to USD 106.857 billion during the week, the RBI said. The Special Drawing Rights (SDRs) grew by USD 56 million to USD 18.65 billion, the apex bank said. India's reserve position with the IMF increased by USD 8 million to USD 4.779 billion in the reporting week, the apex bank

India's foreign exchange reserves dropped by another USD 2.699 billion to USD 687.034 billion during the week ended November 7, the RBI said on Friday. The forex kitty has been on a declining trend for the past few weeks, and had decreased by USD 5.623 billion to USD 689.733 billion in the previous reporting week. For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by USD 2.454 billion to USD 562.137 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Value of the gold reserves declined by USD 195 million to USD 101.531 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 51 million to USD 18.594 billion, the apex bank said. India's reserve position with the IMF was unchanged at USD 4.772 billion in the reporting we

On the other hand, foreign currency assets decreased by $1.6 billion to $570 billion during the reported week due to increased intervention by the RBI via dollar sales

The reserves had hit a record high of $705 billion in September 2024

Foreign exchange reserves climbed for the second straight week, led by gains in foreign currency assets and gold holdings, bringing the total near the $705 billion record

India's forex reserves jumped USD 4.698 billion to USD 702.966 billion for the week ended September 12, the Reserve Bank of India said on Friday. In the previous reporting week, the overall reserves had increased USD 4.038 billion to USD 698.268 billion. The overall reserves had jumped USD 3.51 billion to USD 694.23 billion. For the week ended September 5, foreign currency assets, a major component of the reserves, increased USD 2.537 billion to USD 587.014 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves increased USD 2.12 billion to USD 92.419 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 32 million to USD 18.773 billion, the apex bank said. India's reserve position with the IMF was up by USD 9 million at USD 4.76 billion in the report