India Foreign Exchange Reserves

Last Release

Sep 27, 2024

Actual

704,890

Units In

USD Million

692,300

Frequency

Weekly

Next Release

Oct 11, 2024

Time to Release

6 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
704,890 Sep 2024	29,048 Sep 1998	294,264.47 USD Million	1998-2024	Reserve Bank of India

In India, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.

Latest Updates

Foreign exchange reserves held by the Reserve Bank of India surged to an equivalent of $705 billion as of September 27th, the highest on record. The elevated levels were owed to the robust influx of foreign exchange into the Indian economy, as strong growth and the long-awaited inclusion of Indian assets to JPMorgan’s key emerging market debt index supported foreign investment. This was reflected by the Sensex reaching record highs and the yield on the 10-year G-Sec falling well below the 6.75% threshold. Additionally, the rebound for the yen and the yuan drove the RBI to prioritize the competitiveness of Indian exports, and likely drove the central bank to purchase foreign exchange, propping up its reserves.