Foreign Exchange Reserves in India increased to 689240 USD Million in September 6 from 683990 USD Million in the previous week. Foreign Exchange Reserves in India averaged 293374.70 USD Million from 1998 until 2024, reaching an all time high of 689240.00 USD Million in September of 2024 and a record low of 29048.00 USD Million in September of 1998. source: Reserve Bank of India
Foreign Exchange Reserves in India is expected to be 670000.00 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 678000.00 USD Million in 2025 and 682000.00 USD Million in 2026, according to our econometric models.
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| Calendar | GMT | Reference | Actual | Previous | Consensus | TEForecast | |
|---|---|---|---|---|---|---|---|
| 2024-09-06 | 11:30 AM | Foreign Exchange Reserves | Aug/30 | $683.99B | $681.69B | ||
| 2024-09-13 | 11:30 AM | Foreign Exchange Reserves | Sep/06 | $689.24B | $683.99B | ||
| 2024-09-20 | 11:30 AM | Foreign Exchange Reserves | Sep/13 | $689.24B | |||
| Related | Last | Previous | Unit | Reference |
|---|---|---|---|---|
| Cash Reserve Ratio | 4.50 | 4.50 | percent | Aug 2024 |
| Central Bank Balance Sheet | 34256.75 | 33650.42 | INR Billion | Jul 2024 |
| Foreign Exchange Reserves | 689240.00 | 683990.00 | USD Million | Sep 2024 |
| Interbank Rate | 7.29 | 7.29 | percent | Sep 2024 |
| RBI Interest Rate | 6.50 | 6.50 | percent | Aug 2024 |
| Bank Loan Growth YoY | 13.60 | 13.60 | percent | Aug 2024 |
| Money Supply M1 | 62880.57 | 62115.95 | INR Billion | Jun 2024 |
| Money Supply M2 | 65137.91 | 64113.70 | INR Billion | Jun 2024 |
| M3 Money Supply YoY | 257272.23 | 255897.78 | INR Billion | Aug 2024 |
| Reverse Repo Rate | 3.35 | 3.35 | percent | Aug 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 | ||
|---|---|---|---|---|---|---|---|---|
| 689240.00 | 683990.00 | 689240.00 | 29048.00 | 1998 - 2024 | USD Million | Weekly | Current Prices, NSA |
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News Stream
India Foreign Exchange Reserves Extend Record High
Foreign exchange reserves held by the Reserve Bank of India surged to an equivalent of $684 billion as of August 30th, the highest on record. The elevated levels were owed to the robust influx of foreign exchange into the Indian economy, as strong growth and the long-awaited inclusion of Indian assets to JPMorgan’s key emerging market debt index supported foreign investment. This was reflected by the Sensex reaching record highs and the yield on the 10-year G-Sec falling well below the 7% threshold. Additionally, the rebound for the yen and the yuan drove the RBI to prioritize the competitiveness of Indian exports, and likely drove the central bank to purchase foreign exchange, propping up its reserves.
2024-09-06
Indian Foreign Exchange Reserves Rise to Record High
Foreign exchange reserves held by the Reserve Bank of India surged to an equivalent of $681.7 billion as of August 23rd, the highest on record. The elevated levels were owed to the robust influx of foreign exchange into the Indian economy, as strong growth and the long-awaited inclusion of Indian assets to JPMorgan’s key emerging market debt index supported foreign investment. This was reflected by the Sensex reaching record highs and the yield on the 10-year G-Sec falling well below the 7% threshold. Additionally, the rebound for the yen and the yuan drove the RBI to prioritize the competitiveness of Indian exports, and likely drove the central bank to purchase foreign exchange, propping up its reserves.
2024-08-30
Indian Foreign Exchange Reserves Rise to Record High
Foreign exchange reserves held by the Reserve Bank of India surged to an equivalent of $674.9 billion as of August 2nd to reach another record high. The elevated levels were owed to the robust influx of foreign exchange into the Indian economy, as strong growth and the long-awaited inclusion of Indian assets to JPMorgan’s key emerging market debt index supported foreign investment. This was reflected by the Sensex reaching record highs and the yield on the 10-year G-Sec falling well below the 7% threshold. Additionally, the rebound for the yen and the yuan drove the RBI to prioritize the competitiveness of Indian exports, and likely drove the central bank to purchase foreign exchange, propping up its reserves.
2024-08-09
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