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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Frequently asked questions
How much are India's foreign exchange reserves in 2025?
India's **foreign exchange reserves exceeded $702 billion** in 2025, with **gold reserves surging past $108.5 billion** driven by the RBI's strategic gold purchases. India is now the world's **fourth-largest holder of forex reserves** after China, Japan, and Switzerland.
What rank does India hold in global forex reserves in 2025?
India is the world's **fourth-largest holder of foreign exchange reserves** after **China, Japan, and Switzerland** with reserves exceeding **$702 billion**. The RBI diversified by increasing gold holdings to approximately **15.4% of total reserves**.
How much gold does RBI hold in 2025?
The **RBI** holds gold reserves worth over **$108.5 billion**, constituting approximately **15.4% of India's total foreign exchange reserves** of over $702 billion. The RBI has been strategically increasing gold purchases to diversify its reserve portfolio.
What are the components of India's forex reserves?
India's forex reserves include **foreign currency assets, gold, Special Drawing Rights (SDRs), and reserve position in the IMF**. Total reserves exceeded **$702 billion** with gold alone crossing **$108.5 billion** in 2025.
How do strong forex reserves support India's economy?
India's forex reserves of over **$702 billion** provide a **buffer against external shocks, support rupee stability, and enhance sovereign credit profile**. The RBI has strategically diversified reserves by increasing gold holdings, now at approximately **15.4% of total reserves**.