4 days ago
India’s Foreign Exchange Reserves Hit Record High Of $729.33 Billion
India keeps foreign money and gold as savings for the country.
These savings are called foreign exchange reserves.
In the week ending August 21, the reserves grew by $12.42 billion.
They reached a record total of $729.33 billion.
Most of the increase came from foreign currency assets.
India’s gold holdings also became more valuable during the week.
The Reserve Bank of India had introduced measures in June to attract more overseas deposits and foreign currency borrowing.
Some of that incoming money was added to the reserves.
The new total is higher than India’s previous record.
India’s foreign exchange reserves rose by $12.42 billion in the week ended August 21 to a record $729.33 billion.
Foreign currency assets increased by $9.48 billion to $591.33 billion during the week.
The value of India’s gold reserves climbed by $2.80 billion to $114.22 billion.
The increase followed foreign currency inflows linked to measures introduced by the Reserve Bank of India in June.
The latest reserve level surpassed the previous record of $728.494 billion reached in the week ended February 27.
- Who
- India and the Reserve Bank of India.
- What
- India’s foreign exchange reserves increased by $12.42 billion to $729.33 billion.
- Where
- India’s foreign exchange reserves, reported in Reserve Bank of India data.
- When
- In the week ended August 21.
- Why
- The increase was mainly driven by foreign currency inflows, along with gains in foreign currency assets and gold reserves.
Key facts
- Total reserves
- $729.33 billion as of August 21
- Weekly increase
- $12.42 billion
- Foreign currency assets
- $591.33 billion after rising $9.48 billion
- Gold reserves
- $114.22 billion after rising $2.80 billion
- Rupee value
- Rs 69.81 lakh crore
- Previous record
- $728.494 billion in the week ended February 27
- Increase from end-March 2026
- $38.22 billion
Sources
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