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India’s foreign exchange reserves surged by a record $44.903 billion to reach a new lifetime high of $785.706 billion during the week ending September 4, 2026, according to data released by the Reserve Bank of India (RBI) on Friday, September 11, 2026.
In the preceding week, the total reserves had risen by $11.475 billion to $740.803 billion, also marking a fresh all-time peak.
Following a decline triggered by currency pressures and RBI interventions during the West Asia conflict earlier this year, the reserves have rebounded steadily since June, when the central bank introduced concessional forex swap measures. These initiatives have attracted over $136 billion in new capital inflows.
For the week ended September 4, foreign currency assets—the largest portion of the reserves—rose by $47.498 billion to $648.168 billion, as reported by the central bank.
Foreign currency assets are influenced by exchange rate fluctuations against the U.S. dollar for non-dollar currencies such as the euro, pound, and yen within India’s reserve portfolio.
During the same period, the value of India’s gold reserves declined by $2.594 billion to $113.816 billion, while special drawing rights (SDRs) at the IMF decreased by $4 million to $18.806 billion. Additionally, India’s reserve position with the International Monetary Fund increased by $2 million to $4.916 billion at the end of the reporting week.
Published – September 11, 2026 11:05 pm IST
