India's Forex Reserves Rise by $2.49 Billion to $719.55 Billion

India’s foreign exchange reserves increased by USD 2.49 billion to USD 719.55 billion for the week ended November 6, 2026, mainly due to a USD 2.21 billion rise in gold reserves, according to the latest RBI data.

India's foreign exchange reserves increased by USD 2.49 billion to USD 719.55 billion for the week ended November 6, 2026, primarily supported by a significant rise in gold reserves, according to the latest Weekly Statistical Supplement released by the Reserve Bank of India (RBI).

In the preceding week, India's foreign exchange reserves stood at USD 717.06 billion. Foreign Currency Assets (FCA), which constitute the largest portion of the country's forex reserves, recorded an increase of USD 232 million to reach USD 591.35 billion.

Gold reserves witnessed a substantial rise of USD 2.21 billion, taking their total value to USD 104.80 billion. Meanwhile, Special Drawing Rights (SDRs) increased by USD 52 million to USD 18.61 billion, while India's reserve position with the International Monetary Fund (IMF) improved by USD 1 million to USD 4.79 billion.

The RBI data further indicated that India's foreign exchange reserves have increased by USD 28.44 billion since the end of March 2026. During this period, foreign currency assets recorded growth of USD 39.07 billion, whereas gold reserves registered a decline of USD 10.60 billion.

On a year-on-year basis, the country's forex reserves increased by USD 32.51 billion. Foreign currency assets rose by USD 29.21 billion, while gold reserves recorded an increase of USD 3.27 billion compared with the corresponding period of the previous year. SDR holdings and the reserve position with the IMF also increased by USD 16 million and USD 19 million, respectively.

In rupee terms, however, India's foreign exchange reserves declined by Rs 49,742 crore during the reporting week to Rs 67.59 lakh crore, despite the increase in their dollar-denominated value. Foreign currency assets decreased by Rs 58,075 crore, while gold reserves increased by Rs 10,257 crore.

The latest RBI figures highlight that the increase in gold reserves was the primary factor behind the weekly growth in India's foreign exchange reserves, while foreign currency assets recorded a comparatively moderate increase.

Source: Reserve Bank of India (RBI) – Weekly Statistical Supplement.

Source: CA Sansaar