India's Forex Reserves Fluctuate to Record High
Analysis based on 55 articles · First reported Jan 31, 2026 · Last updated Feb 20, 2026
The fluctuations in India's foreign exchange reserves, particularly the recent surge to a record high, signal a robust external sector and provide confidence in India's ability to cover imports and external debt. This positive trend, coupled with the India — Indian rupee's recovery due to trade agreements, is likely to bolster investor sentiment towards India's economy.
India's foreign exchange reserves have shown significant volatility, initially declining by $6.71 billion to $717.064 billion in the week ending February 6, primarily due to a decrease in Gold reserves. However, in the subsequent week ending February 13, the reserves surged by $8.66 billion to reach a new all-time high of $725.727 billion. This increase was driven by a rise in foreign currency assets, Gold, and Special drawing rights. The State Bank of India actively manages these reserves, having purchased $18.33 billion and sold $28.35 billion in December. The central bank assures that these reserves are adequate, covering nearly a year of goods imports and 96% of external debt. The India — Indian rupee experienced depreciation in January but recovered in February, influenced by foreign portfolio investments and trade deals with the European Union and United States.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard