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Forex Reserves

Foreign exchange reserves are foreign currencies, gold and other assets held by the RBI. They pay for imports in a crisis, reassure investors and allow the RBI to sell dollars to slow a falling rupee.

Why It Matters

Large reserves are why India can ride out currency shocks that once caused crises.

In India

India’s reserves hit a record $785.7 billion on September 4, 2026, then fell to about $726 billion by October 9 as the RBI defended the rupee.

See it in the news
The rupee at 96, the RBI’s special window, and a week that finally went rightOct 17, 2026What moved the money: September 2026Oct 2, 2026A peace deal, oil at $72, and what “reopening” a strait actually meansJun 29, 2026The rupee, in one chartMay 22, 2026
Related Terms
Currency InterventionExchange RateBalance of Payments
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