Foreign exchange reserves held by the Reserve Bank of India sank to $658 billion as of November 15th, 2024, the lowest since July, marking the seventh 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 heightened geopolitical tensions in the Middle East and investors’ preference toward Chinese assets after Beijing’s stimulus announcements, in line with a rebound in G-Sec yields and the pullback on the Sensex. source: Reserve Bank of India

Foreign Exchange Reserves in India decreased to 657890 USD Million in November 15 from 675650 USD Million in the previous week. Foreign Exchange Reserves in India averaged 296260.44 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 November of 2024.

Foreign Exchange Reserves in India decreased to 657890 USD Million in November 15 from 675650 USD Million in the previous week. Foreign Exchange Reserves in India is expected to be 675000.00 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 718000.00 USD Million in 2025 and 742000.00 USD Million in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-15 11:30 AM
Foreign Exchange Reserves
Nov/08 $675.65B $682.13B
2024-11-22 11:30 AM
Foreign Exchange Reserves
Nov/15 $657.89B $675.65B
2024-11-29 11:30 AM
Foreign Exchange Reserves
Nov/22 $657.89B


Related Last Previous Unit Reference
Cash Reserve Ratio 4.50 4.50 percent Oct 2024
Central Bank Balance Sheet 36529.40 38608.67 INR Billion Oct 2024
Foreign Exchange Reserves 657890.00 675650.00 USD Million Nov 2024
Interbank Rate 7.29 7.29 percent Nov 2024
RBI Interest Rate 6.50 6.50 percent Oct 2024
Bank Loan Growth YoY 11.90 11.50 percent Nov 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 264769.02 262159.44 INR Billion Nov 2024
Reverse Repo Rate 3.35 3.35 percent Sep 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
657890.00 675650.00 704890.00 29048.00 1998 - 2024 USD Million Weekly
Current Prices, NSA


News Stream
India Forex Reserves Plunge
Foreign exchange reserves held by the Reserve Bank of India sank to $658 billion as of November 15th, 2024, the lowest since July, marking the seventh 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 heightened geopolitical tensions in the Middle East and investors’ preference toward Chinese assets after Beijing’s stimulus announcements, in line with a rebound in G-Sec yields and the pullback on the Sensex.
2024-11-22
India Forex Reserves Fall for 6th Week
Foreign exchange reserves held by the Reserve Bank of India fell to $675.7 billion as of November 8th, 2024, marking the sixth 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 heightened geopolitical tensions in the Middle East and investors’ preference toward Chinese assets after Beijing’s stimulus announcements, in line with a rebound in G-Sec yields and the pullback on the Sensex.
2024-11-15
India Forex Reserves Fall for 5th Week
Foreign exchange reserves held by the Reserve Bank of India fell to $682.1 billion as of November 1st, 2024, marking the fifth 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 heightened geopolitical tensions in the Middle East and investors’ preference toward Chinese assets after Beijing’s stimulus announcements, in line with a rebound in G-Sec yields and the pullback on the Sensex.
2024-11-08