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India’s forex reserves jump by a record $44.903 billion

India's forex reserves soar by $44.903 billion, reaching a record $785.706 billion, says the Reserve Bank of India.

India’s forex reserves jump by a record $44.903 billion
Representational image only. File
Representational image only. File | Photo Credit: Reuters
“India's forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Image from article: India’s forex reserves jump by a record $44.903 billion
However, the reserves started increasing since the RBI announced concessional forex swap initiatives in June this year amid a sharp depreciation in the local currency. The move has yielded more than $136 billion in new flows.

For the week ended September 4, foreign currency assets, a major component of the reserves, increased $47.498 billion to $648.168 billion, the Central bank's data showed.

Image from article: India’s forex reserves jump by a record $44.903 billion
Expressed in dollar terms, foreign currency assets include the effects of appreciation or depreciation of non-U.S. units, such as the euro, pound, and yen, held in the foreign exchange reserves.

“Value of gold reserves decreased $2.594 billion to $113.816 billion during the week,” the RBI said, adding that the special drawing rights (SDRs) were down by $4 million at $18.806 billion. India's reserve position with the International Monetary Fund was up $2 million to $4.916 billion at the end of the reporting week, according to the Central bank's data.

Image from article: India’s forex reserves jump by a record $44.903 billion
Published - September 11, 2026 11:05 pm IST

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