Foreign Exchange Reserves of India

FOREIGN EXCHANGE RESERVES

INDIA
July 26, 2019
429.649
(Billion US Dollars)
   USD 727.10 million
        (from Jul 19, 2019)

FOREIGN EXCHANGE RESERVES
Trend

DATE
AMOUNT
CHANGE
Jul 26, 2019
429.649
0.17%
Jul 19, 2019
430.376
0.37%
Jul 12, 2019
428.798
0.26%
Jul 05, 2019
429.911
0.52%
Jun 28, 2019
427.679
0.30%
Jun 21, 2019
426.416
1.00%
(Billion US Dollars)

GOLD RESERVES OF INDIA

26 July 2019
25.33
Billion US Dollar

Chart of Current Foreign Exchange Reserves of India

Source: Reserve Bank Of India

India's Forex Reserves

The Foreign Exchange Reserves of India stood at 429.649 Billion US Dollar as on July 26, 2019.

This represents a decrease in the Foreign Exchange Reserve by USD 727.10 million from last week i.e. Jul 19, 2019.

In the 52 week period, the Foreign Exchange Reserves of India touched a high of USD 430.376 Billion on Jul 19, 2019 and recorded a low of USD 392.079 Billion on Oct 26, 2018.

Meanwhile, the Gold Reserves of India stood at USD 25.33 Billion US Dollar as on Jul 26, 2019. The Reserve Bank of India (RBI) reported that the Foreign Currency Assets stood at 399.36 US Billion Dollar, the Reserve Trench position at 3.52 US Billion Dollar, SDRs (Special Drawing Rights with the IMF) at 1.44 US Billion Dollar as on Jul 26, 2019.

India's Forex Comparision

Current Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
429.65
Jul 2019
426.42
Jun 2019
405.14
Jul 2018
320.56
Jul 2014
267.71
Jul 2009
Billion US Dollar

What is Foreign Exchange Reserves?

Foreign exchange reserves (also called forex reserves or FX reserves) is foreign currency or other assets held by a central bank or Government.

The main purpose of holding foreign Reserves is that the Central Bank can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions. The higher the reserves, the higher is the capacity of the central bank to smooth the volatility of the Balance of Payments.


Foreign Exchange Reserves Composition

Foreign Exchange Reserves include:

  1. Foreign Currency Reserves held in US Dollars, Euro, British Pound or Japanese Yen.
  2. Gold Reserves.
  3. International Monetary Fund Reserve Trench Positions.
  4. Special Drawing Rights (SDRs). SDR represents aclaim to foreign currencies for which it may be exchanged.

  • Our foreign-exchange reserves when I took over were no more than a billion dollars; that is, roughly equal to two weeks' imports.

  • ~ Manmohan Singh


Foreign Reserve Trend of India

 
Historical Graph

In India, The Reserve Bank of India the is the custodian of India’s foreign exchange reserves and is responsible for maintaining and managing the country’s foreign exchange reserves.

Foreign exchange reserves facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. One benefit of keeping large amount of foreign reserve is that India can effectively handle the situation such as oil shocks or global recession.


External Links

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Historical Foreign Exchange Reserve

Select Date
USD (Million) Rs (Billion)
Foreign Currency Assets 399,357.30 27,531.50
Gold 25,330.00 1,746.20
Reserve Tranch Position 3,517.80 242.90
SDRs 1,444.20 99.60
TOTAL FOREIGN RESERVES 429,649.30 29,620.20
DATE
 
RESERVES
(Billion Dollars)
CHANGE
(Million Dollars)
Jul 26, 2019 429.65 727.10
Jul 19, 2019 430.38 1578.80
Jul 12, 2019 428.80 1113.80
Jul 05, 2019 429.91 2232.60
Jun 28, 2019 427.68 1262.80
Jun 21, 2019 426.42 4215.90
Jun 14, 2019 422.20 1353.80
Jun 07, 2019 423.55 1686.10
May 31, 2019 421.87 1875.70
May 24, 2019 419.99 1993.90
May 17, 2019 418.00 2057.10
May 10, 2019 420.06 1368.10
May 03, 2019 418.69 171.90
Apr 26, 2019 418.52 4368.10
Apr 19, 2019 414.15 739.20
Apr 12, 2019 414.89 1105.20
Apr 05, 2019 413.78 1876.20
Mar 29, 2019 411.91 5237.50