Foreign Exchange Reserves of India

FOREIGN EXCHANGE RESERVES

INDIA
April 05, 2019
413.781
(Billion US Dollars)
   USD 1,876.20 million
        (from Mar 29, 2019)

FOREIGN EXCHANGE RESERVES
Trend

DATE
AMOUNT
CHANGE
Apr 05, 2019
413.781
0.46%
Mar 29, 2019
411.905
1.29%
Mar 22, 2019
406.668
0.25%
Mar 15, 2019
405.638
0.90%
Mar 08, 2019
402.036
0.06%
Mar 01, 2019
401.777
0.64%
(Billion US Dollars)

GOLD RESERVES OF INDIA

05 April 2019
23.23
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 413.781 Billion US Dollar as on April 05, 2019.

This represents an increase in the Foreign Exchange Reserve by USD 1,876.20 million from last week i.e. Mar 29, 2019.

In the 52 week period, the Foreign Exchange Reserves of India touched a high of USD 426.082 Billion on Apr 13, 2018 and recorded a low of USD 392.079 Billion on Oct 26, 2018.

Meanwhile, the Gold Reserves of India stood at USD 23.23 Billion US Dollar as on Apr 05, 2019. The Reserve Bank of India (RBI) reported that the Foreign Currency Assets stood at 386.12 US Billion Dollar, the Reserve Trench position at 2.98 US Billion Dollar, SDRs (Special Drawing Rights with the IMF) at 1.46 US Billion Dollar as on Apr 05, 2019.

India's Forex Comparision

Current Month
ago
1 Year
ago
5 Years
ago
10 Years
ago
413.78
Apr 2019
401.78
Mar 2019
424.36
Mar 2018
306.65
Apr 2014
255.16
Apr 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 386,116.00 26,717.90
Gold 23,225.80 1,606.60
Reserve Tranch Position 2,983.90 206.50
SDRs 1,455.50 100.70
TOTAL FOREIGN RESERVES 413,781.20 28,631.70
DATE
 
RESERVES
(Billion Dollars)
CHANGE
(Million Dollars)
Apr 05, 2019 413.78 1876.20
Mar 29, 2019 411.91 5237.50
Mar 22, 2019 406.67 1029.10
Mar 15, 2019 405.64 3602.90
Mar 08, 2019 402.04 258.80
Mar 01, 2019 401.78 2559.50
Feb 22, 2019 399.22 944.70
Feb 15, 2019 398.27 150.20
Feb 08, 2019 398.12 2119.30
Feb 01, 2019 400.24 2063.20
Jan 25, 2019 398.18 1497.90
Jan 18, 2019 396.68 671.00
Jan 11, 2019 397.35 1266.90
Jan 04, 2019 396.08 2680.30
Dec 28, 2018 393.40 116.40
Dec 21, 2018 393.29 167.20
Dec 14, 2018 393.12 613.90
Dec 07, 2018 393.73 16.60