Published: 24 October 2025Economy
India's Forex Reserves at $696.988 Billion; Gold Reserves at $120.853 Billion
India's foreign exchange reserves stood at $696.988 billion for the week ended May 8, 2026, according to RBI data reported by PTI. Gold reserves rose to $120.853 billion, while foreign currency assets stood at $552.387 billion; SDRs were $18.873 billion and India's reserve position with the IMF was $4.875 billion.
The forex kitty had touched an all-time high of $728.494 billion in the week ended February 27, 2026 before later declines linked to market pressure and RBI intervention. Strong forex reserves provide a buffer against external shocks, support rupee stability, and strengthen India's external position.
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Linked questionMedium
The RBI MPC meeting in December 2025 was held on which dates?
Explanation · Correct answer DThe RBI MPC met on December 3, 4, and 5, 2025, announcing the rate cut decision on December 5.
Frequently asked questions
How much are India's foreign exchange reserves as of 2025?
India's **foreign exchange reserves exceeded $702 billion** in 2025, driven by **gold reserves surging past $108.5 billion** following the Reserve Bank of India's strategic gold purchases and favourable global pricing. India is now the world's **fourth-largest holder of forex reserves**.
What rank does India hold in global forex reserves?
India is the world's **fourth-largest holder of foreign exchange reserves** after **China, Japan, and Switzerland**. India's forex reserves exceeded **$702 billion**, with gold reserves constituting approximately **15.4% of total reserves**.
How much are India's gold reserves and what percentage of total forex?
India's **gold reserves surged past $108.5 billion**, following the **RBI's strategic gold purchases** and favourable global pricing. Gold now constitutes approximately **15.4% of India's total foreign exchange reserves** of over $702 billion.
What are the components of India's foreign exchange reserves?
India's foreign exchange reserves include **foreign currency assets, gold, Special Drawing Rights (SDRs), and the reserve position in the IMF**. Total reserves exceeded **$702 billion** with gold reserves alone surpassing **$108.5 billion** in 2025.
Why are strong forex reserves important for India?
Strong forex reserves of over **$702 billion** provide India a **buffer against external shocks, support rupee stability, and enhance India's sovereign credit profile**. The RBI has been diversifying by increasing gold holdings, which now constitute approximately **15.4% of total reserves**.