Foreign Exchange Reserves

Trajectory in India's forex reserves takes a downward turn in March 2020 at USD 477.8 billion.

Published weekly (every Friday) by the Reserve Bank of India (RBI). Updated monthly by IMA. Updated till March 2020. (Published on April 20th, 2020)

Brief Overview
Foreign Exchange Reserves of India consists of cash, gold, bonds, bank deposits and financial assets denominated in foreign currencies. (Primarily US dollars in the form of US treasury bonds and institutional bonds).

Even though India is the largest gold-consuming nation, the share of gold in total forex reserves is much less than most developed nations. The share of gold in total forex reserves has fallen from 78% prior to liberalization of the Indian economy to around 5.4% at present. As per International Monetary Fund's official press release (dated November 2, 2009), Reserve Bank of India (RBI) bought 200 tonnes of gold worth USD 6.7 billion from the IMF, under its foreign exchange reserves management program.

Foreign exchange reserves of India crossed the milestone of $100 billion in December 2003 (USD 103.1 billion). Post-2008 global financial crisis, India's forex reserves have increased by about 48%. In terms of inter-country comparisons, forex reserves of India stand at 6th position behind China (1st) and Japan (2nd), to name a few.

For more information please visit the official government website.

Next Release Date:  June 14th, 2020

Foreign Exchange Reserves-Quarterly

Foreign Exchange Reserves-Annual