Foreign Exchange Reserves in India decreased to 589140 USD Million in May 26 from 593480 USD Million in the previous week. source: Reserve Bank of India

Foreign Exchange Reserves in India averaged 276138.51 USD Million from 1998 until 2023, reaching an all time high of 642453.00 USD Million in September of 2021 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 June of 2023.

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. In the long-term, the India Foreign Exchange Reserves is projected to trend around 520000.00 USD Million in 2024 and 510000.00 USD Million in 2025, according to our econometric models.

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India Foreign Exchange Reserves

Calendar GMT Actual Previous Consensus TEForecast
2023-05-26 11:30 AM May/19 $593.48B $599.53B
2023-06-02 12:15 PM May/26 $589.14B $593.48B $595.62B
2023-06-09 11:30 AM Jun/02 $589.14B

Related Last Previous Unit Reference
Interest Rate 6.50 6.50 percent May 2023
Cash Reserve Ratio 4.50 4.50 percent Jun 2023
Interbank Rate 7.14 7.14 percent Jun 2023
Money Supply M1 56642.61 55885.34 INR Billion Mar 2023
Money Supply M2 59525.64 59268.67 INR Billion May 2023
Money Supply M3 227649.13 228226.74 INR Billion May 2023
Foreign Exchange Reserves 589140.00 593480.00 USD Million May 2023
Central Bank Balance Sheet 28192.18 29678.45 INR Billion Apr 2023
Loan Growth 15.40 15.50 percent May 2023
Reverse Repo Rate 3.35 3.35 percent May 2023

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
589140.00 593480.00 642453.00 29048.00 1998 - 2023 USD Million Weekly
Current Prices, NSA

News Stream
Indian Foreign Exchange Reserves Up to Over 8-Month High
Foreign exchange reserves in India rose for a second straight week to USD 578.778 billion in the week ended March 24th, the highest since early July, from USD 572.801 billion in the previous week.
Indian Foreign Exchange Reserves Hit 15-Month Low
The Indian foreign exchange reserves plunged to a 15-month low of USD 580.3 billion as of July 8th, falling for the second straight week as the country’s central bank ramped up efforts to slow the fast-depreciation of the rupee. The Indian rupee is hovering around the record low of 79.9 per USD, sinking over 7% so far this year as rising import bills boosted dollar demands in the domestic market while increased rate-hike outlook from the Fed led to a massive sell-off in risky emerging market assets. At the current level, the reserves will cover less than 10 months of imports.