Forex Reserves

India's forex reserves rise by $963 mn to $672.587 billion: RBI data

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.

Currency questions: Higher costs of incentives for NRIs must be debated

RBI's push to attract FCNR deposits may ease external pressures, but improving conditions raise questions over the costs, risks and necessity of the incentives

RBI net sold $8.944 billion in spot market in April, says bulletin

The Reserve Bank of India (RBI) net sold USD 8.944 billion in the spot currency market in April, according to the central bank's monthly bulletin released on Monday. This is the second consecutive month of selling by the central bank amid pressure on the Indian rupee. In March, the RBI had sold USD 9.758 billion in the spot currency market. On a gross basis, the central bank purchased USD 16.225 billion in April, and sold USD 25.169 billion, as per the bulletin. The Indian rupee (INR) remained under pressure in April and May amid protracted geopolitical tensions and continued foreign portfolio outflows. However, the currency recovered in June 2026, owing to capital flow measures, easing geopolitical tensions and falling crude oil prices, according to the bulletin. During 2026-27 so far (up to June 19), INR appreciated by 0.2 per cent over end-March 2026. On Monday, the rupee closed at 94.63 against the US dollar, down by 30 paise. The rupee closed the last fiscal at 94.84 against

StatsGuru: Remittances, services exports support BoP amid wider trade gap

A widening trade deficit and foreign fund outflows strained India's external accounts in FY26 despite robust growth in services exports and remittance inflows

Forex reserves fall $10 bn as decline in gold prices drags overall holdings

India's foreign exchange reserves recorded their steepest weekly decline since March, with a sharp fall in gold reserve valuations offsetting gains in foreign currency assets

India's forex reserves decline $9.98 bn to $671.62 bn as gold assets shrink

The decline comes after forex reserves had already slipped in the previous week, RBI data showed

India's forex reserves decline by $711 million in week ended June 5

India's foreign exchange reserves fell by $711 million to $681.61 billion in the week ended June 5, as a decline in foreign currency assets outweighed gains in gold reserves

India's forex reserves drop $711 mn to $681.610 bn: RBI data

India's forex reserves dropped USD 711 million to USD 681.610 billion during the week ended June 5 due to a sharp decline in foreign currency reserves, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped USD 938 million to USD 682.321 billion. For the week ended June 5, foreign currency assets -- a major component of the reserves -- was down USD 2.704 billion to USD 543.444 billion, the data released by the Reserve Bank of India (RBI) showed. Expressed in dollar terms, 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. However, the value of gold reserves increased USD 1.975 billion to USD 114.575 billion during the week, the RBI said. The special drawing rights (SDRs) were up USD 18 million to USD 18.765 billion, the RBI said. India's reserve position with the IMF stood at USD 4.826 billion in the reporting week, it added.

Rupee risks persist as oil shock could outpace policy response

The clock is ticking on the capital inflows that the recent measures of the government and the RBI are expected to garner

Rupee rises 20 paise to 95.41 against US dollar as West Asia tensions ease

The rupee rose 20 paise to 95.41 against the US dollar in early trade on Tuesday as Brent crude oil prices and the US dollar index retreated from their elevated levels after a pause in US-Iran hostilities. Forex traders said the rupee opened on a positive note after Israel and Iran agreed to deescalate and ease strikes. At the interbank foreign exchange market the rupee opened at 95.47, then touched 95.41, registering a gain of 20 paise from its previous close. On Monday, the rupee depreciated 43 paise to settle at 95.61 against the American currency. The rupee is likely to trade a 95.40-95.80 range with weakening bias, IFA Global said in a research note. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.98, down 0.06 per cent. Brent crude, the global oil benchmark, was trading lower by 0.99 per cent at USD 93.32 per barrel in futures trade. On the domestic equity market front, Sensex climbed 350.57 points to

Forex reserve at healthy $682 bn, enough for 11 months of imports: RBI Guv

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

RBI dismisses gold sale rumours, physical reserves steady at 880.52 tonnes

Debunking reports of gold sale, the Reserve Bank of India on Wednesday said there is no change in the physical stock of gold, which remains unchanged at 880.52 tonnes. The clarification from the Reserve Bank of India (RBI) comes following reports that the RBI may have sold gold amounting to approximately USD 12 billion to shield its foreign-currency reserves from the impact of the ongoing conflict in West Asia. "The RBI emphasises that these reports are not correct," the central bank said in a statement. Members of the public are, therefore, advised to rely on official information published by the RBI from time to time in such matters, it said. Meanwhile, the Press Information Bureau also published a fact-check on the reports. According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92 per cent at the end of September 2025 to 16.70 per cent on March 31, 2026, and further to 16.85 per cent as of May 22, 2026, it said.

RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26

Reports first mark-to-market loss on forward contracts in at least five years

IndiGo swings to ₹2,536.9 crore loss due to forex loss, high ATF prices

IndiGo slipped into a quarterly loss as forex losses, high fuel costs and West Asia-related flight disruptions hit profitability

India's foreign exchange reserves fall by $7.5 bn to $681.4 bn: RBI

India's forex reserves fell sharply as RBI interventions and declining gold and foreign currency assets weighed on the overall kitty

Anti-dumping duties can save India $3 billion per year in forex: Report

A report by C-DEP and Centre for WTO Studies says implementing pending DGTR recommendations could reduce forex outflow and support domestic industry with limited inflationary impact

Not a BoP but a growing price adjustment problem for India's economy

The first of a two-part series explores the underlying causes of India's balance of payments issue, and offers some solutions

Rupee ends roller-coaster week with gains; forex kitty shrinks $8 bn

Rupee rebounds sharply over the last two sessions amid aggressive RBI intervention and easing crude oil prices, while forex reserves decline by $8 billion

RBI net-sold record $53.13 billion in FY26, shows monthly bulletin

RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices

Don't think India wants to move towards stringent capital controls: Kotecha

India is in a far healthier position from an economic perspective than it was during the taper tantrum period