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Events / Business / India Forex Reserves Rise to $716.9B
Business Economic Data Release

India Forex Reserves Rise to $716.9B

Analysis based on 6 articles · First reported Aug 07, 2026 · Last updated Aug 24, 2026

Sentiment
30
Attention
2
Articles
6
Market Impact
General
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Market Impact

The rise in India's forex reserves strengthens the country's external position and provides a buffer against currency volatility, supporting the Indian rupee. This positive development may boost investor confidence in Indian markets and reduce the risk premium on Indian assets.

Banking Financial Services Foreign Exchange
Event Summary

India's foreign exchange reserves increased by USD 9.905 billion to USD 716.907 billion during the week ended August 14, according to data released by the State Bank of India (RBI) on Friday. This follows a rise of USD 14.136 billion in the previous week, bringing reserves to USD 707.002 billion. The increase was driven by a USD 7.225 billion rise in foreign currency assets to USD 581.851 billion and a USD 2.679 billion increase in gold reserves to USD 111.417 billion. Special drawing rights (SDRs) declined by USD 5 million to USD 18.74 billion, while India's reserve position with the International Monetary Fund (IMF) rose by USD 5 million to USD 4.899 billion. The RBI and the government have implemented measures to attract forex inflows, including the FCNR(B) swap facility, which has brought in USD 56.85 billion so far. Reserves had reached an all-time high of USD 728.494 billion in February before the Middle East conflict caused a decline as the RBI intervened to support the rupee.

Key Actions
100 State Bank of India reported forex reserves jumped
90 State Bank of India increased foreign currency assets
80 State Bank of India increased gold holdings Gold
20 State Bank of India increased IMF reserve position International Monetary Fund
Entities Involved
cnt
India
India's forex reserves increased to USD 716.907 billion, reflecting strong external buffers and resilience. This supports the rupee and enhances India's ability to manage external shocks.
Importance 100.0 Sentiment 40.0
stock
State Bank of India
The RBI reported the increase in reserves and has been intervening in the forex market to stabilize the rupee. Its policies, including the FCNR(B) swap, have attracted significant inflows.
Importance 100.0 Sentiment 40.0
cmdt
Gold
Gold reserves increased by USD 2.679 billion to USD 111.417 billion, contributing to the overall rise in reserves and reflecting the RBI's gold accumulation.
Importance 40.0 Sentiment 20.0
curr
United States — United States dollar
The US dollar is the primary currency in which India's forex reserves are denominated. Fluctuations in the dollar affect the valuation of foreign currency assets.
Importance 30.0 Sentiment 0.0
alliance
International Monetary Fund
India's reserve position with the IMF increased slightly to USD 4.899 billion, reflecting a minor change in the country's IMF-related assets.
Importance 20.0 Sentiment 10.0
curr
European Union — Euro
The euro is one of the non-US currencies held in India's reserves; its appreciation or depreciation affects the dollar value of foreign currency assets.
Importance 10.0 Sentiment 0.0
curr
United Kingdom — Pound sterling
The pound sterling is another non-US currency in India's reserves, contributing to the valuation changes of foreign currency assets.
Importance 10.0 Sentiment 0.0
curr
Japan — Japanese yen
The Japan — Japanese yen is part of India's foreign currency assets; its exchange rate movements affect the overall reserve valuation.
Importance 10.0 Sentiment 0.0
Relationships
India related ↔ State Bank of India
India related ↔ Gold
India related ↔ International Monetary Fund
State Bank of India related ↔ Gold
State Bank of India related ↔ International Monetary Fund
Gold related ↔ International Monetary Fund
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