“India's forex reserves jumped by a record $44.903 billion to a new lifetime high of $785.706 billion during the week ended September 4, 2026,” the Reserve Bank of India (RBI) said on Friday (September 11, 2026).
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The kitty had been declining since the start of the conflict in West Asia earlier this year, as the Rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.
MPC will reassess growth-inflation dynamics at next meeting: RBI Governor However, the reserves started increasing since the RBI announced concessional forex swap initiatives in June this year amid a sharp depreciation in the local currency.
The move has yielded more than $136 billion in new flows.
For the week ended September 4, foreign currency assets, a major component of the reserves, increased $47.498 billion to $648.168 billion, the Central bank's data showed.
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“Value of gold reserves decreased $2.594 billion to $113.816 billion during the week,” the RBI said, adding that the special drawing rights (SDRs) were down by $4 million at $18.806 billion.
India's reserve position with the International Monetary Fund was up $2 million to $4.916 billion at the end of the reporting week, according to the Central bank's data.
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