Foreign reserves in India increased for the 16th straight week to an all-time high of USD 461.21 billion in the week ended January 10th 2020. Gold reserves increased to USD 28.49 million from USD 28.06 billion in the previous week while foreign currency assets went down to USD 427.58 billion from USD 427.95 billion. Foreign Exchange Reserves in India averaged 229191.14 USD Million from 1998 until 2020, reaching an all time high of 461210 USD Million in January of 2020 and a record low of 29048 USD Million in September of 1998. source: Reserve Bank of India
Foreign Exchange Reserves in India is expected to be 423000.00 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 420000.00 in 12 months time. In the long-term, the India Foreign Exchange Reserves is projected to trend around 422000.00 USD Million in 2020, according to our econometric models.