Foreign exchange reserves held by the Reserve Bank of India fell to an equivalent of $640 billion in the last week of 2024, the lowest since April, and extending the decline from the record high of $704.9 billion in the last week of September. The drop was owed to an outflow of foreign capital as slowing growth in India drove investors to opt out of investments in domestic capital markets, in line with the rebound in G-Sec yields and the pullback on the Sensex, and forcing the RBI to deplete reserves and prevent a sharper decline for the rupee. source: Reserve Bank of India

Foreign Exchange Reserves in India decreased to 640280 USD Million in December 27 from 644390 USD Million in the previous week. Foreign Exchange Reserves in India averaged 297815.96 USD Million from 1998 until 2024, reaching an all time high of 704890.00 USD Million in September of 2024 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 January of 2025.

Foreign Exchange Reserves in India decreased to 640280 USD Million in December 27 from 644390 USD Million in the previous week. Foreign Exchange Reserves in India is expected to be 660300.00 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 742000.00 USD Million in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-27 11:30 AM
Foreign Exchange Reserves
Dec/20 $644.39B $652.87B
2025-01-03 11:30 AM
Foreign Exchange Reserves
Dec/27 $640.28B $644.39B
2025-01-10 11:30 AM
Foreign Exchange Reserves
Jan/03 $640.28B


Related Last Previous Unit Reference
Cash Reserve Ratio 4.00 4.50 percent Dec 2024
Central Bank Balance Sheet 33558.81 36529.40 INR Billion Nov 2024
Foreign Exchange Reserves 640280.00 644390.00 USD Million Dec 2024
Interbank Rate 7.31 7.34 percent Jan 2025
RBI Interest Rate 6.50 6.50 percent Dec 2024
Bank Loan Growth YoY 11.50 10.60 percent Dec 2024
Money Supply M1 61273.53 60850.46 INR Billion Sep 2024
Money Supply M2 63263.70 63109.73 INR Billion Sep 2024
M3 Money Supply YoY 26513051.00 265222.66 INR Billion Dec 2024
Reverse Repo Rate 3.35 3.35 percent Nov 2024

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
640280.00 644390.00 704890.00 29048.00 1998 - 2024 USD Million Weekly
Current Prices, NSA


News Stream
India Forex Reserves Fall to 8-Month Low
Foreign exchange reserves held by the Reserve Bank of India fell to an equivalent of $640 billion in the last week of 2024, the lowest since April, and extending the decline from the record high of $704.9 billion in the last week of September. The drop was owed to an outflow of foreign capital as slowing growth in India drove investors to opt out of investments in domestic capital markets, in line with the rebound in G-Sec yields and the pullback on the Sensex, and forcing the RBI to deplete reserves and prevent a sharper decline for the rupee.
2025-01-03
India Forex Reserves Extend Decline
Foreign exchange reserves held by the Reserve Bank of India fell to an equivalent of $653 billion in the second week of December, the lowest since June, and extending the decline from the record high of $704.9 billion in the last week of September. The drop was owed to an outflow of foreign capital as slowing growth in India drove investors to opt out of investments in domestic capital markets, in line with the rebound in G-Sec yields and the pullback on the Sensex, and forcing the RBI to deplete reserves and prevent a sharper decline for the rupee.
2024-12-20
India Forex Reserves Fall for 9th Week
Foreign exchange reserves held by the Reserve Bank of India fell to $655 billion as of the first week of December, the lowest since June, marking the ninth consecutive decline since the record high of $704.9 billion in the last week of September. The drop was owed to an outflow of foreign capital as slowing growth in India drove investors to opt out of investments in domestic capital markets, in line with the rebound in G-Sec yields and the pullback on the Sensex.
2024-12-13