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.