India’s Forex Reserves Rise to $682.32 Billion
India’s Forex Reserves Rise to $682.32 Billion Despite Decline in Gold Holdings: India’s foreign exchange (forex) reserves increased by $938 million to $682.321 billion for the week ended 29 May 2026, according to the Reserve Bank of India (RBI). The increase was mainly driven by a rise in Foreign Currency Assets (FCAs), while gold reserves declined during the same period.
Key Highlights
- India’s total forex reserves increased to $682.321 billion.
- Weekly increase stood at $938 million.
- Foreign Currency Assets (FCAs) recorded a significant rise.
- Gold reserves declined during the reporting week.
- India’s forex reserves remain among the largest in the world, providing a strong external sector buffer.
Components of India’s Forex Reserves
Foreign Currency Assets (FCA)
Foreign Currency Assets, the largest component of forex reserves, registered strong growth.
- Increase: $3.116 billion
- Total FCA: $546.148 billion
FCAs consist mainly of reserves held in major global currencies such as:
- US Dollar
- Euro
- British Pound
- Japanese Yen
Gold Reserves
Gold reserves declined during the reporting week.
- Decline: $2.186 billion
- Total Gold Reserves: $112.6 billion
The fall was mainly due to fluctuations in international gold prices and valuation changes.
Other Components
| Component | Value |
| Foreign Currency Assets (FCA) | $546.148 Billion |
| Gold Reserves | $112.6 Billion |
| Special Drawing Rights (SDRs) | $18.747 Billion |
| IMF Reserve Position | $4.826 Billion |
| Total Forex Reserves | $682.321 Billion |
Previous Week Comparison
| Particular | Value |
| Previous Week Forex Reserves | $681.384 Billion |
| Current Week Forex Reserves | $682.321 Billion |
| Weekly Increase | $938 Million |
Impact of West Asia Crisis
India’s forex reserves had reached an all-time high of $728.494 billion during the week ended 27 February 2026.
Subsequently, geopolitical tensions in West Asia led to:
- Pressure on the Indian Rupee.
- Increase in global crude oil prices.
- Higher import costs.
- RBI intervention through the sale of US dollars to stabilize the Rupee.
These factors contributed to fluctuations in India’s forex reserves.
Significance
- Strengthens India’s external sector stability.
- Enhances the country’s ability to manage external economic shocks.
- Supports stability of the Indian Rupee.
- Improves investor confidence.
- Provides adequate import cover and financial security.
Static Usthadian Current Affairs Table
India’s Forex Reserves Rise to $682.32 Billion Despite Decline in Gold Holdings:
| Particular | Details |
| Total Forex Reserves | $682.321 Billion |
| Weekly Increase | $938 Million |
| Previous Week Reserves | $681.384 Billion |
| Foreign Currency Assets (FCA) | $546.148 Billion |
| Increase in FCA | $3.116 Billion |
| Gold Reserves | $112.6 Billion |
| Decline in Gold Reserves | $2.186 Billion |
| Special Drawing Rights (SDRs) | $18.747 Billion |
| IMF Reserve Position | $4.826 Billion |
| Reporting Authority | Reserve Bank of India (RBI) |
| Record Highest Forex Reserves | $728.494 Billion (27 February 2026) |
