Foreign Exchange Reserves in India decreased to 583950 USD Million in February 5 from 590190 USD Million in the previous week. source: Reserve Bank of India

Foreign Exchange Reserves in India averaged 243413.46 USD Million from 1998 until 2021, reaching an all time high of 590190 USD Million in January of 2021 and a record low of 29048 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 February of 2021.

Foreign Exchange Reserves in India is expected to be 570000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in India to stand at 522000.00 in 12 months time. In the long-term, the India Foreign Exchange Reserves is projected to trend around 512000.00 USD Million in 2022, according to our econometric models.

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India Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
583950.00 590190.00 590190.00 29048.00 1998 - 2021 USD Million Weekly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-01-22 11:30 AM 15/Jan $584.24B $586.1B
2021-01-29 11:30 AM 22/Jan $585.33B $584.24B
2021-02-05 11:30 AM 29/Jan $590.19B $585.33B
2021-02-12 11:30 AM 05/Feb $583.95B $590.19B
2021-02-19 11:30 AM 12/Feb $583.95B
2021-02-26 11:30 AM 19/Feb
2021-03-05 11:30 AM 26/Feb
2021-03-12 11:30 AM 05/Mar

News Stream
India Foreign Exchange Reserves Decline
Foreign exchange reserves in India fell to USD 481.89 billion in the week ended March 13th from a record high of USD 487.24 billion in the previous week. It is the first decline in 25 weeks, mainly due to a drop in foreign currency assets (USD 447.36 billion from USD 451.13 billion) as the central bank had to intervene in the foreign exchange market to support the rupee. Gold assets fell to USD 29.47 billion from USD 31 billion.
India Foreign Exchange Reserves Edge Up to New Record
Foreign exchange reserves in India increased for the 22nd straight week to an all-time high of USD 476.12 billion in the week ended February 21st 2020 from INR 476.09 billion in the previous week. Gold reserves increased to USD 29.66 billion from USD 29.12 billion while foreign currency assets declined to USD 441.46 billion from USD 441.95 billion in the previous week.
India Foreign Reserves Continue to Rise
Foreign exchange reserves in India increased for the 21st straight week to an all-time high of USD 476.09 billion in the week ended February 14th 2020. Foreign currency assets went up to USD 441.95 billion from USD 439.19 billion in the previous week while gold reserves increased to USD 29.12 billion from USD 28.78 billion.

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.