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India’s Forex Reserves Hit Record High of $728.49 Billion
Mar 07, 2026India’s foreign exchange reserves rose by $4.88 billion to reach a record high of $728.49 billion for the week ending February 27, according to data released by the Reserve Bank of India.
The increase was mainly driven by a sharp rise in gold reserves, which grew by $4.14 billion to $131.63 billion during the reporting week. Foreign Currency Assets (FCA), the largest component of the reserves, also increased by $561 million to $573.12 billion. The FCA reflects the value of foreign currencies held in the reserve, including the euro, pound, and yen, expressed in US dollar terms.
Meanwhile, India’s reserve position with the International Monetary Fund rose by $158 million to $4.87 billion. The value of Special Drawing Rights (SDRs) also increased by $26 million to $18.86 billion.
Foreign exchange reserves are considered a key indicator of a country’s economic strength, helping maintain currency stability and providing a financial cushion against external economic shocks. The latest surge highlights India’s improving external financial position and stronger economic resilience.
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