India’s foreign exchange reserves fell for a fourth consecutive week to $734.6 billion as of October 2, 2026, according to a footnote to Reserve Bank of India Governor Sanjay Malhotra’s monetary policy statement. Reserves have declined from their recent peak of $785.71 billion on September 4, a drop of around $50 billion in less than a month. The drawdown reflects RBI intervention in the foreign-exchange market, including dollar sales to smooth the rupee’s decline and sell/buy FX swaps aimed at absorbing surplus liquidity. Despite the central bank’s support, including its first rate hike since 2023 in October, the rupee has continued to weaken, pressured by elevated oil prices, rising US Treasury yields and increased foreign equity outflows. source: Reserve Bank of India

Foreign Exchange Reserves in India decreased to 734600 USD Million in October 2 from 747560 USD Million in the previous week. Foreign Exchange Reserves in India averaged 322609.30 USD Million from 1998 until 2026, reaching an all time high of 785710.00 USD Million in September of 2026 and a record low of 29048.00 USD Million in September of 1998. This page provides the latest reported value for - India Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Foreign Exchange Reserves in India decreased to 734600 USD Million in October 2 from 747560 USD Million in the previous week. Foreign Exchange Reserves in India is expected to be 695000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Foreign Exchange Reserves is projected to trend around 715000.00 USD Million in 2027 and 710000.00 USD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-02 11:30 AM
Foreign Exchange Reserves
Sep/25 $747.56B $765.9B
2026-10-07 08:00 AM
Foreign Exchange Reserves
Oct/02 $734.6B $747.56B $ 710B
2026-10-16 11:30 AM
Foreign Exchange Reserves
Oct/09 $734.6B


Related Last Previous Unit Reference
Cash Reserve Ratio 3.00 3.00 percent Oct 2026
Central Bank Balance Sheet 50938.53 46692.79 INR Billion Aug 2026
Foreign Exchange Reserves 734600.00 747560.00 USD Million Oct 2026
Interbank Rate 6.35 6.35 percent Oct 2026
RBI Interest Rate 5.50 5.25 percent Oct 2026
Bank Loan Growth YoY 18.10 19.10 percent Sep 2026
Money Supply M1 78942.86 80158.40 INR Billion Jul 2026
Money Supply M2 81229.90 82445.44 INR Billion Jul 2026
M3 Money Supply YoY 330674.46 332216.48 INR Billion Sep 2026
Reverse Repo Rate 3.35 3.35 percent Sep 2026


India Foreign Exchange Reserves
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.
Actual Previous Highest Lowest Dates Unit Frequency
734600.00 747560.00 785710.00 29048.00 1998 - 2026 USD Million Weekly
Current Prices, NSA

News Stream
India’s FX Reserves Fall for Fourth Week
India’s foreign exchange reserves fell for a fourth consecutive week to $734.6 billion as of October 2, 2026, according to a footnote to Reserve Bank of India Governor Sanjay Malhotra’s monetary policy statement. Reserves have declined from their recent peak of $785.71 billion on September 4, a drop of around $50 billion in less than a month. The drawdown reflects RBI intervention in the foreign-exchange market, including dollar sales to smooth the rupee’s decline and sell/buy FX swaps aimed at absorbing surplus liquidity. Despite the central bank’s support, including its first rate hike since 2023 in October, the rupee has continued to weaken, pressured by elevated oil prices, rising US Treasury yields and increased foreign equity outflows.
2026-10-07
India Forex Reserves Rise to Record
Foreign exchange reserves held at the Reserve Bank of India rose to a record high of $729.33 billion equivalent as of July 21st, 2026, following a large magnitude of dollar inflows to the Indian financial system. The RBI introduced special deposit programs for domestic banks by overseas Indian citizens in its latest effort to tame the rupee's decline. The measures garnered $74 billion of inflows since the introduction of the facilities. Foreign exchange reserves had plunged since March as the war in the Middle East lifted oil prices and pressured the rupee, driving the RBI to sell hard currency to defend local exchange rates.
2026-08-28