India Forex Reserve

Reserves jumped nearly $10.5 billion compared to the previous week, in ‌their biggest surge since the week ended January 30

Foreign exchange reserves increased by $6.12 billion during the week ended July 24 as foreign currency assets and gold reserves recorded an increase

Thirty-five years after the 1991 crisis, India's external sector is far stronger. But have larger reserves, stronger exports, and reforms eliminated the risk of another balance-of-payments crisis?

India's forex reserves jumped by USD 1.08 billion to USD 676.237 billion during the week ended July 17, according to the RBI data released on Friday. In the previous reporting week, the overall forex kitty had jumped by USD 964 million to USD 675.157 billion. Forex reserves had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals starting May 11 to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended July 17, foreign currency assets, a major component of the reserves, increased by USD 4.549 billion to USD 551.057 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency

India's forex reserves jumped USD 7.26 billion to USD 674.193 billion during the week ended July 3, the Reserve Bank of India said on Friday. In the previous reporting week, the forex kitty had dropped by USD 5.654 billion to USD 666.933 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals starting May 11 to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended July 3, foreign currency assets, a major component of the reserves, increased USD 4.51 billion to USD 545.578 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects

India's forex reserves increased by USD 963 million to USD 672.587 billion during the week ended June 19, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 9.985 billion to USD 671.625 billion. For the week ended June 19, foreign currency assets, a major component of the reserves, decreased by USD 3.072 billion to USD 541.217 billion, according to the RBI. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in foreign exchange reserves. However, the value of gold reserves increased by USD 4.110 billion to USD 107.930 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 52 million to USD 18.647 billion, the apex bank said. India's reserve position with the IMF slipped USD 22 million to USD 4.793 billion in the reporting week, according to the apex bank's data.

India's policy calendar this week will track business activity, trade negotiations with the US and forex reserve trends amid global uncertainty

The central bank is using the rupee's recent strength to replenish foreign exchange reserves and manage its large short dollar forward position, dealers said

India's policy focus this week will be on wholesale inflation, forex reserves data and PM Modi's visit to France and Slovakia

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