India Foreign Exchange Reserves Rise to $719.55 Billion

The Reserve Bank of India reported that foreign exchange reserves rose by $2.49 billion to $719.55 billion for the week ended November 6, 2026. This growth followed several weeks of decline and was primarily driven by a $2.21 billion surge in gold reserves, which reached $104.80 billion.

Other contributing factors included a $232 million increase in foreign currency assets, a $52 million rise in Special Drawing Rights, and a $1 million increase in the reserve position with the International Monetary Fund. Despite the growth in US dollar terms, the reserves declined by Rs 49,742 crore in rupee terms because of exchange-rate valuation changes.

These figures remain below the peak of $785.7 billion recorded on September 4, 2026, which occurred after inflows from a special concessional swap scheme for diaspora deposits. In a separate regulatory move, the central bank recently eased foreign exchange reporting requirements for small service exporters and importers under amended 2026 regulations.